A method for melting of near-β titanium alloy consisting of (4.0-6.0)% Al, (4.5-6.0) wt % Mo, (4.5-6.0) wt % V, (2.0-3.6) wt % Cr, (0.2-0.5) wt % Fe, and (0.1-2.0) wt % Zr, the method comprising preparing a master alloy having two or more alloying elements, alloying the blend, fabricating consumable electrode, and alloy melting in vacuum-arc furnace, wherein Al, Mo, V, and Cr are introduced into the alloyed blend in the form of a complex master alloy made via an aluminothermic process and having the following weight percentages of the elements:
- Molybdenum—25-27
- Vanadium—25-27
- Chromium—14-16
- Titanium—9-11
- Aluminum—balance;
- while Iron and Zirconium are introduced into the alloyed blend as pure metals;
- and wherein the alloy is produced via double melting minimum wherein the first melt being is accomplished using either a vacuum-arc remelt or scull—consumable electrode method.