GRILLED BEEF STEAK WITH BEER BBQ SAUCE

BBQ Sauce:
1 tablespoon vegetable oil
1/2 cup minced onion
1 1/2 cups ketchup
1 can beer
3 tablespoons cider vinegar
3 tablespoons light molasses
1 tablespoon dry mustard
1 teaspoon hot pepper sauce
1 teaspoon freshly ground powder

Steak Dry Rub:
1 1/2 teaspoons chili powder
1 1/2 teaspoons paprika
1 teaspoon salt
1 teaspoon sugar
1 teaspoon freshly ground pepper
1/8 teaspoon ground red pepper
1 top round steak, 1 1/2 inches thick, 2 1/2 to 3 pounds

Make barbecue sauce: Heat oil in medium saucepan over medium high heat. Add onion and cook until translucent, 3 to 5 minutes. Add remaining sauce ingredients and bring to a boil, stirring. Reduce heat to low and simmer, partially covered, 1 hour, stirring occasionally. Makes 2 cups. Prepare grill. Combine chili powder, paprika, salt, sugar, black and red peppers in cup. Rub spice mixture all over steak. Grill 6 minutes per side. Brush entire steak with 1/2 cup barbecue sauce. Cook 1 to 2 minutes per side. Let stand 10 minutes before slicing. Serve with remaining sauce. Makes 8 servings.