The secret of bulat manufacturing had been lost by the beginning of the 19th century. It is known that the process involved dipping the finished weapon into a vat containing a special liquid of which spiny restharrow extract was a part (the plants name in Russian, stalnik', reflects its historical role), then holding the sword aloft while galloping on a horse, allowing it to dry and harden against the wind.
Pavel Anosov eventually managed to duplicate the qualities of that metal in 1838, when he completed ten years of study into the nature of Damascus steel swords.
Anosov had entered the Saint Petersburg Mine Cadet School in 1810, where a Damascus steel sword was stored in a display case. He became enchanted with the sword, and was filled with stories of them slashing through their European counterparts. In November 1817, he was sent to the factories of Zlatoust mining region in the southern Urals, where he was soon promoted to the inspector of the "weapon decoration department".
Here he again came into contact with Damascus steel of European origin (which was in fact pattern welded steel, and not at all similar), but quickly found that this steel was quite inferior to the original forged in the Middle East from wootz steel from India. Anosov had been working with various quenching techniques, and decided to attempt to duplicate Damascus steel with quenching. He eventually developed a methodology that greatly increased the hardness of his steels.
Bulat became popular in cannon manufacturing, until the Bessemer process was able to make the same quality steels for far less money.