SC 13D/A 1 fushicopperwelddamendtwo.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 2)* 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) MARCH 14, 2011 ------------------------------------------------------------------------------- (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 8 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 495,700 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 495,700 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 495,700 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 1.3% ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN ------------------------------------------------------------------------------- Page 2 of 8 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 1,068,800 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 1,068,800 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 1,068,800 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 2.8% ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN ------------------------------------------------------------------------------- Page 3 of 8 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 Cayman Islands ------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF None SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 2,210,043 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,210,043 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 2,210,043 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 5.9% ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) PN ------------------------------------------------------------------------------- Page 4 of 8 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 3,902,643 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,902,643 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 3,902,643 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 10.3% ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) CO ------------------------------------------------------------------------------- Page 5 of 8 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 94,200 SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 3,902,643 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 94,200 ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,902,643 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 3,994,543 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 10.6% ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ------------------------------------------------------------------------------- Page 6 of 8 Pages SCHEDULE 13D CUSIP No. 36113E107 ------------------------------------------------------------------------------- Explanatory Note: This Amendment No. 2 amends and supplements Amendment No. 1 to Schedule 13D filed on November 23, 2010 which amended and supplemented the Schedule 13D filed on November 5, 2010. 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. Item 1. Security and Issuer ------------------- No material changes from Amendment No. 1 to Schedule 13D filed by the Reporting Persons on November 23, 2010. Item 2. Identity and Background ----------------------- No material changes from Amendment No. 1 to Schedule 13D filed by the Reporting Persons on November 23, 2010. Item 3. Source and Amount of Funds or Other Consideration ------------------------------------------------- Item 3 to Schedule 13D is amended, in pertinent part, as follows: 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 Reporting Persons used an aggregate of approximately $4,738,518.75 (including brokerage commissions) to purchase the additional Securities reported as beneficially owned in Item 5 since the most recent filing on Schedule 13D. 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 ---------------------- No material changes from Amendment No. 1 to Schedule 13D filed by the Reporting Persons on November 23, 2010. ------------------------------------------------------------------------------- Page 7 of 8 Pages SCHEDULE 13D CUSIP No. 36113E107 ------------------------------------------------------------------------------- Item 5. Interest in Securities of the Issuer ------------------------------------ Except as provided below, there are no material changes from Amendment No. 1 to Schedule 13D filed by the Reporting Persons on November 23, 2010. The aggregate percentage of Shares reported as owned by each Reporting Person is based upon 37,797,239 Shares outstanding as of November 5, 2010, which is the total number of Shares outstanding as reported in the Issuers Form 10-Q filing for the quarterly period ended September 30, 2010, filed with the Securities and Exchange Commission on November 8, 2010. This Statement is being filed with respect to an aggregate of 3,994,543 Shares of Common Stock. There are no material changes from Amendment No. 1 to Schedule 13D filed by the Reporting Persons on November 23, 2010 except as regards beneficial ownership as indicated on Pages 2 through 6 herein. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer ----------------------------------- No material changes from Amendment No. 1 to Schedule 13D filed by the Reporting Persons on November 23, 2010. Item 7. Material to be Filed as Exhibits -------------------------------- No material changes from Amendment No. 1 to Schedule 13D filed by the Reporting Persons on November 23, 2010. 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: March 17, 2011 /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 8 of 8 Pages ----------------------------------------------------------------------------- Schedule A ---------- Transactions In The Shares During The Past 60 Days Or Since The Most Recent Prior Filing On Schedule 13D or Amendments Thereto ------------------------------------------------------------------------- BAY RESOURCE PARTNERS, L.P. (Bay) Date of No. Shares Price Per Purchase Purchased/Sold Share -------- ------------- ---------- 11/23/2010 6,400 9.20 11/29/2010 22,100 9.29 12/13/2010 8,400 9.49 12/20/2010 4,200 9.30 12/27/2010 2,300 9.06 12/28/2010 2,300 8.98 03/14/2011 9,800 8.62 03/14/2011 27,900 8.61 BAY II RESOURCE PARTNERS, L.P. (Bay II) 11/23/2010 7,700 9.20 11/29/2010 26,300 9.29 12/13/2010 10,000 9.49 12/20/2010 5,000 9.30 12/27/2010 2,700 9.06 12/28/2010 2,800 8.98 03/14/2011 11,700 8.62 03/14/2011 33,400 8.61 BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. (Offshore Fund) 11/23/2010 30,873 9.20 11/29/2010 105,000 9.29 12/13/2010 40,000 9.49 12/20/2010 20,000 9.30 12/27/2010 11,000 9.06 12/28/2010 11,000 8.98 03/14/2011 25,900 8.62 03/14/2011 74,100 8.61 GMT CAPITAL CORP. 11/23/2010 1,200 9.20 11/29/2010 4,000 9.29 12/13/2010 1,500 9.49 12/20/2010 800 9.30 12/27/2010 400 9.06 12/28/2010 400 8.98 03/14/2011 2,000 8.62 03/14/2011 5,800 8.61 Page A-1 THOMAS E. CLAUGUS (CLAUGUS) Date of No. Shares Price Per Purchase Purchased/Sold Share -------- ------------- ---------- 11/23/2010 700 9.20 11/29/2010 2,400 9.29 12/13/2010 900 9.49 12/20/2010 500 9.30 12/27/2010 200 9.06 12/28/2010 300 8.98 03/14/2011 600 8.62 03/14/2011 1,700 8.61 All of the above transactions were open market purchases on the NASDAQ National Market System. Page A-2 -----------------------------------------------------------------------