Good steak should be hung for 21 to 28 days after being butchered to allow the enyzmes to break down the fibres and make the meat tender, and allow some of the moisture to leave the meat, concentrating the flavour.
Most bog standard supermarket meat will probably be on the slab within a couple of days of the beast being butchered. In the last few years supermarkets have started selling 28 day hung beef as a premium product. The thing to do is find a good independent butcher and ask him how long he hangs his beef for. As others have said all the flavour is in the fat, so a good steak needs fat or marbling to get the most flavour out of it.
There are abattoirs in nearly every medium sized town in the UK, so the potential to get meat on the slab without maturing has been the common system used by supermarkets, especially for the cheaper Saver brands. The distances involved in transporting beef from Argentina or from a beef producing state to a non beef producing state in the US, will require the beef to be chilled, this effectively is the same as a butcher hanging his beef, and allows the beef to be transported for upto 90 days from slaughter I believe.
If you want a good steak , don't buy supermarket budget lines, find a good independent butcher that hangs his meat, and don't cut off the fat. Simples!!