A method of forming an outwardly projecting axially extending bulged section in an axially extending strand of steel wires made up of a plurality of individual wires so that the bulged section can be used to anchor the strand in a concrete structural member, comprising axially compressing a given length of the strand and deforming the individual wires as they move radially outwardly from the axis of the strand, wherein the improvement comprises providing an axially extending open-ended cylindrically shaped member forming an cylindrical limiting hollow space for defining the maximum diameter of the bulged section transverse to the axial direction of the strand, rotatably supporting the cylindrically shaped member, extending the strand through the hollow space with the axis of the strand centered within the hollow space, applying a compressive force to one end of the strand and rotatably supporting the strand at the end at which the compressive force is applied for deforming the individual wires of the strand outwardly into contact with the inside surface of the cylindrically shaped member limiting the hollow space, and continuing the application of the compressive force while the individual wires turn around the axis of the strand in contact with the inside surface of the cylindrically shaped member.