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Trim the thick outside fat off the steaks and rub both sides of the steak with canola oil.
Season both sides of the steak with ground Montreal Steak Seasoning. Let stand at room temperature for 15 minutes.
When ready to cook, start the Traeger grill on Smoke with the lid open until the fire is established (4 to 5 minutes). Set the temperature to 325 degrees F and preheat, lid closed, for 10 minutes.
Flip the steaks every 6 minutes. Cook for 14-20 minutes or until steaks reach an internal temperature of 132 degrees F.
Remove steaks from the grill and serve immediately. Enjoy!
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