After recycled titanium alloy chips are crushed and cleaned, they are pressed into cylindrically briquettes with a relative density of 0.6, and placed into capsules. The capsules are heated and placed into a preheated pressing rig. The pressing rig repetitively applies axial force to the capsule, resulting in a relative density of at least 0.95. The product billets are used for consumable electrodes, secondary casting alloys, forgings, extruded semi-finished products and the like.