Rotor shafts are the most heavily loaded and accident-prone parts of powerful turbine generators, which are cooled using hydrogen. To eliminate damage sustained during operations, repair work was carried out, including the removal of defective parts, surfacing, and turning. This study tested the machinability of the rotor shaft using prototypes made from 38KhN3MFA steel. A section of the shaft was degraded due to prolonged operation (250 thousand hours), and compared to the central part, a decrease in the average grain size from 21.57 μm to 12.72 μm and an increase in the amount of hydrogen absorbed during operation from 2.27 to 7.54 ppm were observed. With the frequency of dry turning increasing from 200 to 315 RPM, the chips changed their form from mostly rectangular with linear dimensions of 10 to 20 mm to large spiral rings with a diameter of 15 to 20 mm and a length of more than 50 mm. Cracks of 1 to 4 mm in length were found in most chip particles at both rotational speeds. Increasing the rotational speed from 200 to 315 and up to 500 RPM led to the formation of an oxide film on the surface of the specimens, as evidenced by the appearance of oxygen during local analyses of the elemental content on the chip surface. The saturation of specimens by hydrogen gas led to the formation of finer chips compared to the non-hydrated material, and the roughness of the machined surface increased at hydrogen contents of 6 and 8 ppm. In both dry and coolant cutting operations, surface roughness reflects the degradation of the rotor shaft or experimental prototypes due to hydrogenation, which can be used to diagnose the condition of the rotor after long-term operation.