Provided is a press apparatus which ensures high production efficiency and has less chances of breakdown. Specifically, the press apparatus has a base placed on a floor, and a platform arranged over the base to face the base and move up and down. A lower die, on which a steel plate is to be placed, is fixed to the base. An upper die is fixed to the platform to press the plate against the lower die and turn it into an initially formed product through a downward movement of the platform, and to pressure-hold the initially formed product with the lower die. A machining die is supported on the platform to move up and down to machine the initially formed product and form a final product by moving down while pressure-holding the initially formed product.