a shock absorbing type steering apparatus comprises in combination , a tubular outer shaft with a female serration on the inner peripheral surface at one end portion thereof and an inner shaft with a male serration engaged with said female serration on the outer peripheral surface at one end portion thereof , the male serration and the female serration being in the state of interference - fitted engagement with each other to be contractable based on a load in the axial direction . a film of solid lubricant is formed on the surface of at least one of the male and female serrations .