Pan-Grilled Steak with Olive Sauce

posted by Kalyn Denny on September 7, 2020

Pan-Grilled Steak with Olive Sauce is one reason I love my cast-iron grill pan, but no matter how you cook it you’ll love this tasty steak. And this is very low in carbs and suitable for Keto for those who care about that!

PIN Pan-Grilled Steak with Olive Sauce to try it later!

Even in these days when beef is so much more expensive than it used to be, there are still lots of people who love a juicy steak for a special dinner! And when you cook steak indoors on a Stovetop Grill Pan (affiliate link), you can enjoy steak any time of year. Of course you can make this recipe on an outdoor grill as well, but I love my cast-iron grill pan when it’s not grilling weather!

For this recipe for Pan-Grilled Steak with Olive Sauce I used two large New York steaks that I cut in half to make four 6-ounce servings of steak, which makes this more affordable, and you can still enjoy plenty of tasty bites of grilled steak. This is a recipe I first made in the very early days of my blog, and I recently decided it really was past time to update the photos! Hope the new pictures will show off how tasty this is and entice you to try it if you’re a steak lover!

How to Make Pan-Grilled Steak with Olive Sauce:

(Scroll down for complete recipe with nutritional information.)

1. This recipe uses canned black olives, green olives, and Kalamata olives for the olive sauce, but feel free to substitute any olives you prefer.
2. Put sauce ingredients and half of olive oil in food processor.
3. Pulse until olives are coarsely chopped, then blend at full speed for a few seconds 
4. Remove from processor and stir in olive oil.
5. Trim fat as much as you prefer. I cut two very large New York Steaks in half.
6. Rub steak on both sides with olive oil, salt, pepper, and Szeged Steak Rub (affiliate link), Kalyn’s Montreal Steak Seasoning, or steak rub of your choice.
7. Put cast iron grill pan on top of stove, turn burner to medium, and heat pan for a few minutes. (If the pan starts to slightly smoke, it’s hot enough!)
8. Lay steaks at a diagonal and cook until grill marks are showing, about 3 minutes.
9. Rotate and cook about 3 minutes more on first side, or until you see nice grill marks when you lift the corner.
10. Then turn and cook 3-5 minutes more on second side, depending on how done you like it.
11. I cooked my one-inch thick steaks exactly 10 minutes and they were perfectly medium-rare.
12. If you have an Instant Read Meat Thermometer (affiliate link), this is a good time to use it.  Here’s a chart for levels of doneness and corresponding temperatures.
13. Of course, the steak could also be cooked on any type of outdoor grill.
14. Let steak rest about 5 minutes, then serve with olive sauce spooned over the top.

Make it a Meal:

For a low-carb meal, this would be great with something like Twice-Baked Cauliflower, Loaded Cauliflower Mock Potato Salad, or Roasted Asparagus and Mushrooms with Everything Bagel Seasoning.

More Fun Recipes with Olives:

Baked White Fish with Onions, Peppers, Olives, and Feta
Green Bean Salad with Hearts of Palm
Skillet Chicken with Roasted Lemons, Green Olives, and Capers
Tomato, Egg, and Olive Salad with Gorgonzola Vinaigrette

Low-Carb Diet / Low-Glycemic Diet / South Beach Diet Suggestions:
Pan-Grilled Steak with Olive Sauce is a great dish for low-carb diet plans, and if you use approved lean steaks, this would be a good main course for any phase of the original South Beach Diet.

Find More Recipes Like This One:
Use Grilling or Beef Recipes for more tasty ideas like this one. Use the Recipes by Diet Type photo index pages to find more recipes suitable for a specific eating plan. You might also like to Follow Kalyn’s Kitchen on Pinterest to see all the good recipes I’m sharing there.

Historical Notes for this Recipe:
This recipe was first posted in 2007 and finally (!) updated with better photos in September 2020.