An automobile steering rack manufacturing apparatus has a material clamp for holding a hollow pipe-like rack material that has a solid core bar inserted therein. A forming roll on the apparatus has an outer periphery with rack teeth formed thereon, while a material drive causes a mutual rolling of the material clamp and the forming roll, thereby cutting rack teeth into the material. The clamp moves in the tangential direction of the forming roll orientation, and a tooth depth controller controls the distance between the rack material held in the material clamp, and the forming roll.