Hanger steak is a very flavorful and tender cut of beef and is very reasonably priced. It comes from the belly of the cow and is similar in texture and flavor to a flank steak. Rub the steak with ground rosemary steak rub and smoke with hickory or mesquite chips for about 15 minutes. I like to finish my hanger steak on a hot grill to sear the outside with a little charred texture and flavor.