The present invention relates to a method for manufacturing a drill blank or a mill blank by extrusion, said method comprising the forming of a first blank portion (B1) having external, axially extending external flutes and the forming of a further blank portion (B3) in the shape of a shaft. The invention also relates to a device for manufacturing a drill blank or a mill blank. The method according to the invention is characterised by: extruding a first blank portion (B1) having a free end and external flutes; allowing the extrusion to continue to supply further extruding mass into a cavity (6), said supply of extruding mass completely filling out the external flutes of the first blank portion (B1) to produce a second blank portion (B2) integral with the first blank portion (B1); allowing the extrusion to continue to produce a desired length of the first blank portion (B1); and cutting off the first blank portion (B1) at the end facing away from the second blank portion (B2).