Originally Posted by Dantheman
Gotta disagree here. Salt will draw some moisture out of the meat but it will bring along a lot of water soluble proteins to the surface. It's those proteins that give you a great crust.
The method I go with:
Throw a heavy cast iron skillet in the oven and set it to 500F. You want that pan HOT. Pull the meat out of the fridge so it can come to room temp and give each side a generous sprinkling of kosher salt. When the meat is warm and the oven hot, put the pan on the stove and, assuming you don't have some kind of professional range, give it all the heat you've got. Give the meat a very light coating of a high smoke-point oil and maybe some non-burning spices of your liking. Now that your pan nuclear hot, add the steak and DON'T TOUCH IT for 1 minute. Flip it and do the same. When the minute is up send it straight to the oven for 2 minutes for med. rare, 3 for medium. After the 2 minutes, flip the steak and give it another 2-3 minutes. Once it's done put it on a plate, cover with foil and let it rest 5 minutes, this is key to retaining juiciness. Use the time to make one of the killer sauces already posted.
An exhaust hood is highly recommended.