-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L8vlX1eDFmDc2UCUltwk9ogjnUfCr4pLTKvjjO6UqlGDRxcrzyHwmJEf70xSE2dY 5MAvI2DpmREeIewqoMfBCA== 0001099409-10-000025.txt : 20101105 0001099409-10-000025.hdr.sgml : 20101105 20101105171805 ACCESSION NUMBER: 0001099409-10-000025 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20101105 DATE AS OF CHANGE: 20101105 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Fushi Copperweld, Inc. CENTRAL INDEX KEY: 0000710846 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 133140715 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-46672 FILM NUMBER: 101169703 BUSINESS ADDRESS: STREET 1: 1 SHUANG QIANG ROAD, JINZHOU CITY: DALIAN STATE: F4 ZIP: 116100 BUSINESS PHONE: (860)435-7000 MAIL ADDRESS: STREET 1: 1 SHUANG QIANG ROAD, CITY: JINZHOU DALIAN F4 STATE: F4 ZIP: 116100 FORMER COMPANY: FORMER CONFORMED NAME: Fushi Copperweld, Inc DATE OF NAME CHANGE: 20080124 FORMER COMPANY: FORMER CONFORMED NAME: FUSHI INTERNATIONAL INC DATE OF NAME CHANGE: 20060213 FORMER COMPANY: FORMER CONFORMED NAME: PARALLEL TECHNOLOGIES INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GMT CAPITAL CORP CENTRAL INDEX KEY: 0001106191 IRS NUMBER: 582021147 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: GMT CAPITAL CORP STREET 2: 2100 RIVEREDGE PARKWAY SUITE 840 CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 7709898261 MAIL ADDRESS: STREET 1: GMT CAPITAL CORP STREET 2: 2100 RIVEREDGE PARKWAY SUITE 840 CITY: ATLANTA STATE: GA ZIP: 30328 SC 13D 1 fushicopperweldd.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No.)* FUSHI COPPERWELD, INC. ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, (PAR VALUE $0.006 Per Share) ------------------------------------------------------------------------------- (Title of Class of Securities) 36113E107 ------------------------------------------------------------ (CUSIP Number) Gilbert H. Davis Sims Moss Kline & Davis LLP Three Ravinia Drive, Suite 1700 Atlanta, GA 30346 (770) 481-7205 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) NOVEMBER 5, 2010 ------------------------------------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d- 1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [X]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - ------------------------------------------------------------------------------- Page 1 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------ 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Bay Resource Partners, L.P. - ------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) a. [ ] b. [ ] - ------------------------------------------------------------------------------- 3 SEC Use Only - ------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC - ------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 353,600 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 363,600 - ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 353,600 - ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 0.9% - ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN - ------------------------------------------------------------------------------- Page 2 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------ 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Bay II Resource Partners, L.P. - ------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) a. [ ] b. [ ] - ------------------------------------------------------------------------------- 3 SEC Use Only - ------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC - ------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 899,400 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 899,400 - ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 899,400 - ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 2.4% - ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN - ------------------------------------------------------------------------------- Page 3 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------ 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Bay Resource Partners Offshore Master Fund, L.P. - ------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) a. [ ] b. [ ] - ------------------------------------------------------------------------------- 3 SEC Use Only - ------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC - ------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 1,613,043 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,613,043 - ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 1,613,043 - ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 4.3% - ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN - ------------------------------------------------------------------------------- Page 4 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------ 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). GMT Capital Corp. - ------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) a. [ ] b. [ ] - ------------------------------------------------------------------------------- 3 SEC Use Only - ------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) WC - ------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 2,965,143 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,965,143 - ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 2,965,143 - ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 7.9% - ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) CO - ------------------------------------------------------------------------------- Page 5 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------ 1 Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Thomas E. Claugus - ------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) a. [ ] b. [ ] - ------------------------------------------------------------------------------- 3 SEC Use Only - ------------------------------------------------------------------------------- 4 Source of Funds (See Instructions) OO - ------------------------------------------------------------------------------- 5 Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 80,500 SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 2,965,143 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 80,500 ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,965,143 - ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 3,045,643 - ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 8.1% - ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN - ------------------------------------------------------------------------------- Page 6 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------------- Item 1. Security and Issuer ------------------- This Statement relates to shares (the Shares) of common stock, par value $0.006 per share (the Common Stock) of Fushi Copperweld, Inc., a Nevada corporation (the Issuer), which has its principal executive offices at 1 Shuang Qiang Road, Jinzhou, Dalian, People's Republic of China 116100. Item 2. Identity and Background ----------------------- (a) This statement is filed by: (i) Bay Resource Partners, L.P. (Bay), with respect to shares of Common Stock directly owned by it. (ii) Bay II Resource Partners, L.P. (Bay II), with respect to shares of Common Stock directly owned by it. (iii) Bay Resource Partners Offshore Master Fund, L.P. (Offshore Fund) with respect to shares of Common Stock directly owned by it, as the successor to Bay Resource Partners Offshore Fund, Ltd. (iv) GMT Capital Corp. (GMT Capital) with respect to shares of Common Stock beneficially owned by it. (v) Thomas E. Claugus, (Mr. Claugus), with respect to the shares of Common Stock directly owned by him and directly owned by each of Bay, Bay II, and the Offshore Fund and GMT Capital separate account clients. Each of the foregoing is referred to as a Reporting Person and collectively as the Reporting Persons. Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. (b) The address of the principal office of each of the Reporting Persons is 2100 RiverEdge Parkway, Ste. 840, Atlanta, GA 30328. The officers and controlling owners of GMT Capital and their principal occupations and business addresses are set forth on Schedule B and incorporated by reference in this Item 2. (c) The principal business of GMT Capital is serving as a private investment fund manager and acting as the general partner of Bay, Bay II and the investment manager of the Offshore Fund. Bay, Bay II and Offshore Fund have been formed for the purposes of making equity investments in companies. Mr. Claugus is engaged in a private investment management business. Page 7 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------------- (d) No Reporting Person, nor any person listed on Schedule B or Schedule C, each annexed hereto, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) (e) No Reporting Person, nor any person listed on Schedule B or Schedule C, each annexed hereto, has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws. (f) Mr. Claugus is a citizen of the United States of America Item 3. Source and Amount of Funds or Other Consideration ------------------------------------------------- All of the Shares to which this Statement relates were purchased by the Reporting Persons and were purchased with working capital in open market purchases as more fully set forth in Schedule A, which is incorporated by reference herein. The aggregate purchase cost of the the 3,045,643 Shares reported hereunder was $26,413,902 (including brokerage commissions). In the event that the Reporting Persons purchase additional shares of the Issuer Common Stock, it is currently contemplated that it will use its working capital for such purchases. As of the date of this Statement, no other arrangements with third parties have been made with respect to financing the acquisition of additional shares of Issuer Common Stock. Item 4. Purpose of Transaction ---------------------- The Reporting Persons previously reported their beneficial ownership of the Common Stock on a Schedule 13G filed October 8, 2010, as amended by Amendment No. 1 thereto filed October 13, 2010 and Amendment No. 2 thereto filed October 27, 2010. On November 3, 2010, the Issuer announced a proposed going private transaction for $11.50 per share in cash (the Going Private Proposal). As a result of the Going Private Proposal, the Reporting Persons may undertake actions with the purpose or effect of changing or influencing control of the Issuer, as determined appropriate under the circumstances and consistent with the Reporting Persons investment purposes. In pursuing such investment purposes, the Reporting Persons may further purchase, hold, vote, trade, dispose or otherwise deal in the Common Stock at times, and in such manner, as they deem advisable to benefit from changes in market prices of such Common Stock, changes in the Issuer's operations, business strategy or prospects, or pursuant to the existing Going Private Proposal, such proposal as modified or an alternative sale or merger of the Issuer. To evaluate such alternatives, the Reporting Persons will routinely Page 8 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------------- monitor the Issuer's operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as other investment considerations. Consistent with its investment research methods and evaluation criteria, the Reporting Persons may discuss such matters with management or directors of the Issuer, other shareholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors. Such factors and discussions may materially affect, and result in, the Reporting Persons' modifying their ownership of Common Stock, exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements, proposing changes in the Issuer's operations, governance or capitalization, pursuing a transaction which would result in Reporting Persons acquisition of a controlling interest in the Issuer, or pursuing one or more of the other actions described in subsections (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate other plans and/or other proposals, and take such actions with respect to their investment in the Issuer, including any or all of the actions set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D, or acquire additional Common Stock or dispose of all the Common Stock beneficially owned by them, in the public market or privately negotiated transactions. The Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing. Item 5. Interest in Securities of the Issuer ------------------------------------ The aggregate percentage of Shares reported as owned by each Reporting Person is based upon 37,779,839 Shares outstanding, as of September 30, 2010, which is the total number of Shares outstanding as reported in the Issuers Form 8-K filing, filed with the Securities and Exchange Commission on November 2, 2010. This Statement is being filed with respect to an aggregate of 3,045,643 Shares of Common Stock, resulting in beneficial ownership of Common Stock as follows: (A) Bay Resource Partners, L.P. (Bay) (a) As of close of the close of business on November 4, 2010, Bay directly and beneficially owned 353,600 Shares. Percentage: Approximately 0.9%. (b) 1. Sole power to vote or direct vote: None 2. Shared power to vote or direct vote: 353,600 3. Sole power to dispose or direct the disposition: None 4. Shared power to dispose or direct the disposition: 353,600 (c) The transactions in Shares by Bay during the past sixty days are set forth on Schedule A and are incorporate herein by reference. Page 9 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------ (B) Bay II Resource Partners, L.P. (Bay II) (a) As of close of the close of business on November 4, 2010, Bay II directly and beneficially owned 899,400 Shares. Percentage: Approximately 2.4%. (b) 1. Sole power to vote or direct vote: None 2. Shared power to vote or direct vote: 899,400 3. Sole power to dispose or direct the disposition: None 4. Shared power to dispose or direct the disposition: 899,400 (c) The transactions in Shares by Bay II during the past sixty days are set forth on Schedule A and are incorporate herein by reference. (C) Bay Resource Partners Offshore Master Fund, L.P. (Offshore Fund) (a) As of close of the close of business on November 4, 2010, Offshore Fund directly and beneficially owned 1,613,043 Shares. Percentage: Approximately 4.3%. (b) 1. Sole power to vote or direct vote: None 2. Shared power to vote or direct vote: 1,613,043 3. Sole power to dispose or direct the disposition: None 4. Shared power to dispose or direct the disposition: 1,613,043 (c) The transactions in Shares by Offshore Fund during the past sixty days are set forth on Schedule A and are incorporate herein by reference. (D) GMT Capital Corp. (GMT Capital) (a) GMT Capital, for itself and as the general partner of (i) Bay and (ii) Bay II, and as the investment manager of Offshore Fund and certain other accounts may be deemed the beneficial owner of all of the Shares owned by each of Bay, Bay II, and the Offshore Fund and GMT Capital separate account clients. As of close of the close of business on November 4, 2010, GMT Capital directly and beneficially owned 2,965,143 Shares. Percentage: Approximately 7.9%. (b) 1. Sole power to vote or direct vote: None 2. Shared power to vote or direct vote: 2,965,143 3. Sole power to dispose or direct the disposition: None 4. Shared power to dispose or direct the disposition: 2,965,143 (c) The transactions in Shares by GMT Capital during the past sixty days are set forth on Schedule A and are incorporate herein by reference. Page 10 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------ (E) Thomas E. Claugus, (Mr. Claugus) (a) Mr. Claugus, who serves as the President of GMT Capital, may be deemed the beneficial owner of all of the Shares owned by each of GMT Capital, Bay, Bay II, the Offshore Fund and shares held by Mr. Claugus individually. As of close of the close of business on November 4, 2010, Mr. Claugus directly and beneficially owned 3,045,643 Shares. Percentage: Approximately 8.1%. (b) 1. Sole power to vote or direct vote: 80,500 2. Shared power to vote or direct vote: 2,965,143 3. Sole power to dispose or direct the disposition: 80,500 4. Shared power to dispose or direct the disposition: 2,965,143 (c) The transactions in Shares by Mr. Claugus individually during the past sixty days are set forth on Schedule A and are incorporate herein by reference. (d) No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, any Shares. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer ----------------------------------- On November 5, 2010, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D, with respect to securities of the Issuer, to the extent required by applicable law. A copy of this Agreement is attached hereto as Exhibit 1 and is incorporated herein by reference. Other than as described herein, the Reporting Persons filing this Statement are not parties to any contract, arrangement, understanding or relationships with any other person with respect to securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits -------------------------------- Exhibit 1: Joint Filing Agreement dated November 5, 2010, by and among Thomas E. Claugus, for himself and as President of GMT Capital Corp., for itself and as the general partner of (i) Bay Resource Partners, L.P., and (ii) Bay II Resource Partners, L.P., and as the investment manager of (iii) Bay Resource Partners Offshore Master Fund, L.P. Page 11 of 12 Pages SCHEDULE 13D CUSIP No. 36113E107 - ------------------------------------------------------------------------ After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. Dated: November 5, 2010 /s/ Thomas E. Claugus -------------------------------- Thomas E. Claugus, for himself and as President of GMT Capital Corp., for itself and as the general partner of (i) Bay Resource Partners, L.P. and (ii) Bay II Resource Partners, L.P., and as the investment manager of (iii) Bay Resource Partners Offshore Master Fund, L.P. and (iv) certain other accounts. Page 12 of 12 Pages ----------------------------------------------------------------------------- Schedule A ---------- Transactions in the Shares During the Past 60 Days -------------------------------------------------- BAY RESOURCE PARTNERS, L.P. (Bay) Date of No. Shares Price Per Purchase Purchased/Sold Share -------- ------------- ---------- 08/31/2010 6,200 8.12 09/01/2010 10,100 8.26 09/01/2010 600 8.18 09/02/2010 2,300 8.21 09/07/2010 12,000 8.25 09/07/2010 1,900 8.23 09/07/2010 3,500 8.27 09/08/2010 10,900 8.17 09/13/2010 15,500 7.97 09/14/2010 12,800 7.96 09/20/2010 4,800 8.03 09/21/2010 2,600 8.28 09/21/2010 2,600 8.30 09/21/2010 10,400 8.26 09/22/2010 6,900 8.16 09/23/2010 3,900 8.17 09/24/2010 400 8.21 Page A-1 CUSIP No. 36113E107 - ------------------------------------------------------------------------ 09/27/2010 5,600 8.52 09/28/2010 6,400 8.52 09/29/2010 1,700 8.74 09/30/2010 5,000 8.68 10/01/2010 7,200 8.72 10/04/2010 4,500 8.91 10/04/2010 2,800 8.89 10/05/2010 5,600 9.10 10/05/2010 1,400 9.18 10/06/2010 5,400 9.17 10/07/2010 6,600 9.13 10/11/2010 31,000 9.53 10/12/2010 2,000 9.48 10/13/2010 3,100 9.78 10/14/2010 5,900 9.69 10/18/2010 11,000 9.90 10/19/2010 12,100 9.75 10/25/2010 20,500 10.09 10/26/2010 2,600 10.02 11/01/2010 15,300 9.62 11/02/2010 5,700 9.38 11/04/2010 10,500 10.58 The above transactions were open market purchases effected by Bay on the NASDAQ National Market System. BAY II RESOURCE PARTNERS, L.P. (Bay II) 08/31/2010 21,500 8.12 09/01/2010 35,300 8.26 09/01/2010 2,300 8.18 09/02/2010 8,000 8.21 09/07/2010 41,900 8.25 09/07/2010 6,500 8.23 09/07/2010 12,200 8.27 09/08/2010 38,200 8.17 09/13/2010 54,000 7.97 09/14/2010 44,800 7.96 09/20/2010 16,900 8.03 09/21/2010 9,100 8.28 09/21/2010 9,100 8.30 09/21/2010 36,500 8.26 09/22/2010 24,200 8.16 09/23/2010 13,300 8.17 09/24/2010 1,500 8.21 09/27/2010 19,600 8.52 09/28/2010 22,500 8.52 09/29/2010 6,100 8.74 09/30/2010 17,500 8.68 10/01/2010 25,000 8.72 10/04/2010 5,300 8.91 10/04/2010 3,300 8.89 10/05/2010 6,600 9.10 Page A-2 CUSIP No. 36113E107 - ------------------------------------------------------------------------ 10/05/2010 1,600 9.18 10/06/2010 6,500 9.17 10/07/2010 8,000 9.13 10/11/2010 36,900 9.53 10/12/2010 2,400 9.48 10/13/2010 3,700 9.78 10/14/2010 7,000 9.69 10/18/2010 13,100 9.90 10/19/2010 14,400 9.75 10/25/2010 24,400 10.09 10/26/2010 3,100 10.02 11/01/2010 18,200 9.62 11/02/2010 6,800 9.38 11/04/2010 12,500 10.58 The above transactions were open market purchases effected by Bay II on the NASDAQ National Market System. BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. (Offshore Fund) 08/31/2010 27,205 8.12 09/01/2010 44,569 8.26 09/01/2010 2,908 8.18 09/02/2010 10,142 8.21 09/07/2010 53,100 8.25 09/07/2010 8,100 8.23 09/07/2010 15,323 8.27 09/08/2010 48,477 8.17 09/13/2010 68,442 7.97 09/14/2010 56,558 7.96 09/20/2010 21,461 8.03 09/21/2010 11,600 8.28 09/21/2010 11,600 8.30 09/21/2010 46,200 8.26 09/22/2010 30,500 8.16 09/23/2010 16,755 8.17 09/24/2010 1,884 8.21 09/27/2010 24,900 8.52 09/28/2010 28,420 8.52 09/29/2010 7,750 8.74 09/30/2010 22,040 8.68 10/01/2010 31,559 8.72 10/04/2010 21,300 8.91 10/04/2010 13,100 8.89 10/05/2010 26,500 9.10 10/05/2010 6,600 9.18 10/06/2010 25,721 9.17 10/07/2010 31,779 9.13 10/11/2010 147,346 9.53 10/12/2010 9,800 9.48 10/13/2010 14,843 9.78 10/14/2010 28,011 9.69 Page A-3 CUSIP No. 36113E107 - ------------------------------------------------------------------------ 10/18/2010 52,400 9.90 10/19/2010 57,600 9.75 10/25/2010 97,493 10.09 10/26/2010 12,507 10.02 11/01/2010 72,627 9.62 11/02/2010 27,373 9.38 11/04/2010 50,000 10.58 The above transactions were open market purchases effected by the Offshore Fund on the NASDAQ National Market System. GMT CAPITAL CORP. (GMT) 08/31/2010 2,100 8.12 09/01/2010 3,600 8.26 09/01/2010 200 8.18 09/02/2010 800 8.21 09/07/2010 4,200 8.25 09/07/2010 700 8.23 09/07/2010 1,200 8.27 09/08/2010 3,800 8.17 09/13/2010 5,400 7.97 09/14/2010 4,500 7.96 09/20/2010 1,700 8.03 09/21/2010 900 8.28 09/21/2010 900 8.30 09/21/2010 3,700 8.26 09/22/2010 2,400 8.16 09/23/2010 1,400 8.17 09/24/2010 100 8.21 09/27/2010 2,000 8.52 09/28/2010 2,200 8.52 09/29/2010 600 8.74 09/30/2010 1,800 8.68 10/01/2010 2,500 8.72 10/04/2010 800 8.91 10/04/2010 500 8.89 10/05/2010 1,000 9.10 10/05/2010 200 9.18 10/06/2010 900 9.17 10/07/2010 1,200 9.13 10/11/2010 5,600 9.53 10/12/2010 400 9.48 10/13/2010 600 9.78 10/14/2010 1,000 9.69 10/18/2010 2,000 9.90 10/19/2010 2,200 9.75 10/25/2010 3,700 10.09 10/26/2010 500 10.02 11/01/2010 2,800 9.62 11/02/2010 1,000 9.38 11/04/2010 1,900 10.58 Page A-4 CUSIP No. 36113E107 - ------------------------------------------------------------------------ The above transactions were open market purchases effected by GMT on the NASDAQ National Market System. THOMAS E. CLAUGUS (CLAUGUS) 08/31/2010 1,900 8.12 09/01/2010 3,200 8.26 09/01/2010 200 8.18 09/02/2010 700 8.21 09/07/2010 3,700 8.25 09/07/2010 600 8.23 09/07/2010 1,100 8.27 09/08/2010 3,400 8.17 09/13/2010 4,800 7.97 09/14/2010 4,000 7.96 09/20/2010 1,500 8.03 09/21/2010 800 8.28 09/21/2010 800 8.30 09/21/2010 3,200 8.26 09/22/2010 2,200 8.16 09/23/2010 1,200 8.17 09/24/2010 100 8.21 09/27/2010 1,700 8.52 09/28/2010 2,000 8.52 09/29/2010 500 8.74 09/30/2010 1,600 8.68 10/01/2010 2,300 8.72 10/04/2010 500 8.91 10/04/2010 300 8.89 10/05/2010 600 9.10 10/05/2010 200 9.18 10/06/2010 600 9.17 10/07/2010 700 9.13 10/11/2010 3,400 9.53 10/12/2010 200 9.48 10/13/2010 300 9.78 10/14/2010 700 9.69 10/18/2010 1,200 9.90 10/19/2010 1,300 9.75 10/25/2010 2,200 10.09 10/26/2010 300 10.02 11/01/2010 1,700 9.62 11/02/2010 600 9.38 11/04/2010 1,200 10.58 The above transactions were open market purchases effected by Mr. Claugus on the NASDAQ National Market System. Page A-5 - ----------------------------------------------------------------------- Schedule B ---------- Officers and Majority Owners of GMT Capital Corp. Name and Principal Principal Position Occupation Business Address Citizenship - -------- ---------- ---------------- ----------- Thomas E. Investment 2100 RiverEdge Pkwy United States Claugus Management Suite 840 President Atlanta, GA 30328 Majority Owner (98%) George E. 2100 RiverEdge Pkwy United States Case, III Investment Suite 840 VP, General Mgr. Management Atlanta, GA 30328 Page B-1 - ------------------------------------------------------------------------ EX-1 2 filingagt.txt Exhibit 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 FUSHI COPPERWELD, INC. - ------------------------------------------------------------------------------ (Name of Issuer) COMMON STOCK, (PAR VALUE $0.006 Per Share) ------------------------------------------------------------------------------ (Title of Class of Securities) JOINT FILING AGREEMENT Bay Resource Partners, L.P., a Delaware limited partnership, Bay II Resource Partners, L.P., a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P., an exempted limited partnership organized under the laws of the Cayman Islands, GMT Capital Corp., a Georgia corporation and Thomas E. Claugus, an individual residing in the State of Georgia, hereby agree to file jointly the statement on Schedule 13D to which this Agreement is attached, and any amendments thereto which may be deemed necessary. It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein, but such party is not responsible for the completeness or accuracy of information concerning the other party unless such party knows or has reason to believe that such information is inaccurate. It is understood and agreed that a copy of this Agreement shall be attached as an exhibit to the statement on Schedule 13D, and any amendments thereto, filed on behalf of each of the parties hereto. Dated: November 5, 2010 /s/ Thomas E. Claugus ---------------------------------- Thomas E. Claugus, for himself and as President of GMT Capital Corp., for itself and as the general partner of (i) Bay Resource Partners, L.P. and (ii) Bay II Resource Partners, L.P., and as the investment manager of (iii) Bay Resource Partners Offshore Master Fund, L.P. and (iv) certain other accounts. - ------------------------------------------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----