Abstract: A cutting apparatus is disclosed herein. The cutting apparatus includes a workpiece support assembly, the workpiece support assembly configured to hold a workpiece in position by means of one or more rotational attachment points, the workpiece support assembly allowing generally single degree of freedom rotation while the workpiece is being cut, and the workpiece support assembly generally fixing the workpiece in the other directions of movement during the cutting thereof; and a cutting assembly having a cutting blade, the cutting blade configured to engage the workpiece, and circumferentially cut a portion of material from the workpiece. In some embodiments, the cutting blade may comprise a rotary cutting blade or a linearly displaceable cutting blade configured to tangentially engage the workpiece. A method for forming cylindrical, conical, and/or annular stock materials, which utilizes the cutting apparatus, is also disclosed herein.