A method of hot forming a steel part, comprising the steps of: heating a blank (22, 122) formed of steel material to a temperature of 880° C to 950° C; maintaining the blank (22, 122) at the temperature of 880° C to 950° C until the microstructure of the steel material is substantially austenite; disposing the blank (22, 122) on a lower forming surface (46, 146) of a lower die (26, 126) and spaced from an upper forming surface (42, 142) of an upper die (24, 124) while the blank (22, 122) is at a temperature of at least 400° C and the microstructure of the blank (22, 122) is substantially austenite, wherein the upper die (24, 124) is coupled to a cutting component (30, 130), and the cutting component (30, 130) is disposed adjacent the upper forming surface (42, 142); bringing the upper die (24, 124) toward the lower die (26, 126); the step of bringing the upper die (24, 124) toward the lower die (26, 126) including bringing the upper forming surface (42, 142) of the upper die (24, 124) into contact with the blank (22, 122) to form the blank (22, 122) between the upper and lower forming surface (46, 146)s; the step of bringing the upper die (24, 124) toward the lower die (26, 126) including moving at least a portion of the upper die (24, 124) and the cutting component (30, 130) together longitudinally until the cutting component (30, 130) cuts at least a portion of the blank (22, 122); the cutting step being conducted while the blank (22, 122) is at a temperature of at least 400° C and the microstructure of the blank (22, 122) is substantially austenite; and cooling the blank (22, 122) at a rate of at least 27 degrees per second while the upper forming surface (42, 142) and the lower surface remain in contact with the blank (22, 122) and until the microstructure of the blank (22, 122) includes martensite, wherein either the cutting component (30, 130) is moveable longitudinally relative to the upper forming surface (42, 142), and the cutting step occurs after the forming step and includes moving the cutting component (30, 130) longitudinally past the upper forming surface (42, 142), or wherein the cutting component (30, 130) is fixed relative to the upper forming surface (42, 142); the upper forming surface (42, 142) and the cutting component (30, 130) provides an upper ledge therebetween; the lower forming surface (46, 146) presents a lower ledge aligned with the upper ledge; and the cutting step occurs simultaneously with the forming step and includes moving the upper ledge toward the lower ledge. heating a blank (22, 122) formed of steel material to a temperature of 880° C to 950° C; maintaining the blank (22, 122) at the temperature of 880° C to 950° C until the microstructure of the steel material is substantially austenite; disposing the blank (22, 122) on a lower forming surface (46, 146) of a lower die (26, 126) and spaced from an upper forming surface (42, 142) of an upper die (24, 124) while the blank (22, 122) is at a temperature of at least 400° C and the microstructure of the blank (22, 122) is substantially austenite, wherein the upper die (24, 124) is coupled to a cutting component (30, 130), and the cutting component (30, 130) is disposed adjacent the upper forming surface (42, 142); bringing the upper die (24, 124) toward the lower die (26, 126); the step of bringing the upper die (24, 124) toward the lower die (26, 126) including bringing the upper forming surface (42, 142) of the upper die (24, 124) into contact with the blank (22, 122) to form the blank (22, 122) between the upper and lower forming surface (46, 146)s; the step of bringing the upper die (24, 124) toward the lower die (26, 126) including moving at least a portion of the upper die (24, 124) and the cutting component (30, 130) together longitudinally until the cutting component (30, 130) cuts at least a portion of the blank (22, 122); the cutting step being conducted while the blank (22, 122) is at a temperature of at least 400° C and the microstructure of the blank (22, 122) is substantially austenite; and cooling the blank (22, 122) at a rate of at least 27 degrees per second while the upper forming surface (42, 142) and the lower surface remain in contact with the blank (22, 122) and until the microstructure of the blank (22, 122) includes martensite, wherein either the cutting component (30, 130) is moveable longitudinally relative to the upper forming surface (42, 142), and the cutting step occurs after the forming step and includes moving the cutting component (30, 130) longitudinally past the upper forming surface (42, 142), or wherein the cutting component (30, 130) is fixed relative to the upper forming surface (42, 142); the upper forming surface (42, 142) and the cutting component (30, 130) provides an upper ledge therebetween; the lower forming surface (46, 146) presents a lower ledge aligned with the upper ledge; and the cutting step occurs simultaneously with the forming step and includes moving the upper ledge toward the lower ledge.