The invention relates to metal-forming process. The inventive method for producing forging consists in heating a billet and forging said billet with the aid of a press provided with two manipulators in several passes by four-side reduction in four-headed forging devices associated with macro-shears of metal in a transversal direction with respect to the plane of the billet. Forging is carried out within an acceptable temperature range in two stages i.e. a rough forging is carried out in the first stage, at the second stage, a final forging is carried out by enclosing from 40 to 100 % of the perimeter of the cross-section of the billet by each pair of the working surfaces of the heads for each single reduction. The inventive forging system comprises a forging press provided with top and bottom plates which have locks for arranging and fixing forging tools, a movable tool table for positioning changeable forging tools thereon which are embodied in the form of two or more four-headed forging devices and one or two manipulators. One or more four-headed forging devices for rough forging and one four-headed forging device for final forging are disposed on the positions of the tool table. The free space between the heads of the final forging device within the cross section thereof, when the heads are in the closed position, is selected such that it is 1.1-1.4 times less than the free space between the heads of the rough forging device. The working surface of each head of the rough forging device is embodied in the form of a plane parallel to the reference plane of the head, and two lateral planes adjacent thereto and arranged on two sides thereof at an angle of 135-170 DEG .