A method of producing a cobalt-based tubular product includes forming a cobalt or cobalt alloy tubular workpiece having at least about 30% by weight of fcc phase and subjecting the workpiece to at least about a 20% wall reduction at a temperature below a recrystallization temperature of the workpiece using a metal forming process. The metal forming process may include radial forging, rotary swaging, pilgering and/or flowforming. A gun barrel includes a tubular component made of a cobalt-based superalloy material. The component has at least about 25% by weight of hcp phase with basal planes radially oriented perpendicular to an inner diameter of the component.