The global trend is the application of heat-treated omission materials to reduce the manufacturing cost of automobile steering parts. Attempts have been made to apply heat-treated omission materials in domestic, but they are delayed due to concerns over rising cold forging process costs. For quantitative prediction of cold forging process cost, fatigue properties of forging die materials were evaluated. Based on this, the die life and cost were predicted quantitatively, and the manufacturing cost reduction of automobile steering parts using heat-treated material was found to be about 11%. Also, various methods to improve die life were additionally presented.