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When ready to cook, start the Traeger on Smoke with the lid open until a fire is established (4-5 minutes). Turn temperature to 450 degrees F and preheat, lid closed, for 10 to 15 minutes.
Combine salt and pepper and evenly coat steak with seasoning. Place steak directly on grill grate.
Grill for 6 minutes on one side, then flip steak and continue cooking until the internal temperature reaches 140 degrees for medium rare, 145 for medium. Enjoy!