A trim shear is adapted to trim the front and tail ends of a hot rolled product exiting from a rolling mill along a mill pass line and travelling at either high or low speeds, depending on the size of the product being rolled. The trim shear comprises a trim station having a high speed a set of trim knives configured and arranged to trim the front and tail ends of high speed products. A different low speed set of trim knives are disposed laterally from the high speed set of trim knives and configured and arranged to trim the front and tail ends of low speed products. The trim station is shifted transversely with respect to the mill pass line to alternatively locate either one or the other of the sets of trim knives in an active position on the mill pass line.