The conventional and new forging processes of the power steering worm blank are analyzed by the rigid-plastic finite element method. The conventional process contains three stages such as indentation, extrusion and upsetting, which was designed by a forming equipment expert. Process conditions such as reduction in area, semi-die angle and upsetting ratio are considered to prevent internal or geometrical defects. The results of simulation of the conventional forging process are summarized in terms of deformation patterns, load-stroke relationships and die pressures for each forming operation. Based on the simulation results of the current three-stage, the power steering worm blank forging process for improving the conventional process sequence is designed. Die pressures and forming loads of proposed process are within limit value which is proposed by experts and the proposed process is found to be proper for manufacturing the power steering worm blank.