Preheat the oven to 375ºF. Bake the bacon on a broiler pan until crisp, 15-18 minutes. Preheat a cast-iron skillet or griddle pan over medium-high heat.
Season the steaks liberally with salt and pepper. Drizzle the pan with oil, add the steaks and cook, turning once, until medium-rare, 8-10 minutes. Let stand for a few minutes, then thinly slice on an angle.
While the steaks are cooking, in a small saucepan, combine the ketchup, consommé (or stock), celery, Worcestershire, horseradish and hot sauce; season with salt and pepper. Bring to a boil, lower the heat and simmer for a few minutes to thicken.