Combine milk and eggs in a shallow dish and whisk until well blended.
Combine flour, salt, pepper, onion powder, garlic powder, paprika and chili powder and whisk until well blended.
Pat each steak with paper towel to remove excess moisture.
Lightly salt and pepper each piece of meat on both sides.
Place into the flour mixture. Turn to coat.
Place into the egg mixture. Turn to coat.
Place back into the flour and turn to coat.
Place onto a clean plate.
Repeat with the remaining pieces of meat.
Place oil and butter in a large skillet to about 1/4″ deep.
Heat over medium heat. If oil smokes reduce heat.
Cook the meat, several pieces at a time, about 2 minutes per side, until edges browned.
Transfer cooked steaks to baking sheet in 200 degree oven to keep warm.
Repeat with remaining steaks.