Radial forging is a reliable way to produce Ti alloy rods without preliminary mechanical processing of their surface, which is in turn a mandatory procedure during almost each stage of the existing technology. In the present research, hot pressing and radial forging (RF) of the titanium-based Ti-3.3Al-5Mo-5V alloy were carried out to study the specifics of plasticized metal flow and microstructural evolution in different sections of the rods. The structural analysis of these rods was performed using metallography and X-ray diffraction techniques. The X-ray diffraction reveals the two-phase state of the alloy. The phase content in the alloy was shown to vary upon radial forging. Finally, radial forging was found to be a reliable method to achieve the uniform fine-grained structure and high quality of the rod surface.