<p>A device is disclosed for shaping one end of a steel billet heated to forging temperature in order to form an extension useful as a tong hold. The device is adapted for working with a press and operates such that the movement of the press ram down and up results in completion of the shape of the tong hold. This is achieved by a wedge-shaped member normally secured to the ram of the press and by a specially designed workpiece holder cooperating with cutters and with an anvil, all responsive to the operative movement of the ram of the press. The device is simple in structure and can be relatively easily adapted for use on virtually any press. There are very few parts of the device that have to be replaced when effecting changeover from one type of billet to another.</p>