Fresh Beef Category Winner Marinated Flank Steak Diane Price, Wheatland 2 pounds flank steak 2/3 cup olive oil 1/3 cup soy sauce 3 tablespoons red wine vinegar 3 tablespoons honey 2 teaspoons chili powder 1/2 teaspoon salt 1/2 teaspoon black pepper Combine marinade ingredients in a bowl (all listed ingredients except flank steak). Measure out 1/2 cup marinade to reserve in small bowl for basting the meat later. Place meat in a large Ziplocs plastic bag and pour marinade over meat, close bag securely. Place in refrigerator overnight, turning meat occasionally. To cook, remove the steak and discard marinade. Sear meat on a hot grill on both sides, cook for 15 to 20 minutes for medium to medium well steak. Baste meat with remaining marinade while cooking. Slice diagonally to serve.