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A die is a specialized tool used in manufacturing industries to cut or shape material mostly using a press. Like molds, dies are generally customized to the item they are used to create. Products made with dies range from simple paper clips to complex pieces used in advanced technoPunching is a metal forming process that uses a punch press to force a tool, called a punch, through the workpiece to create a hole via shearing. The punch often passes through the work into a die. A scrap slug from the hole is deposited into the die in the process.logy.