SC 13D/A 1 fushicopperwelddamendthree.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 3)* 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 22, 2012 ------------------------------------------------------------------------------- (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 470,000 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 470,000 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 470,000 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 1.2% ------------------------------------------------------------------------------- 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 974,200 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 974,200 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 974,200 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 2.6% ------------------------------------------------------------------------------- 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 2,021,602 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,021,602 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 2,021,602 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 5.3% ------------------------------------------------------------------------------- 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 3,583,102 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER None ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,583,102 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 3,583,102 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 9.4% ------------------------------------------------------------------------------- 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 84,000 SHARES BENEFICIALLY ---------------------------------------------------------- OWNED BY 8 SHARED VOTING POWER EACH 3,583,102 REPORTING PERSON ---------------------------------------------------------- WITH 9 SOLE DISPOSITIVE POWER 84,000 ---------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 3,583,102 ------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 3,667,102 ------------------------------------------------------------------------------- 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] ------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 9.6% ------------------------------------------------------------------------------- 14 Type of Reporting Person (See Instructions) IN ------------------------------------------------------------------------------- Page 6 of 8 Pages SCHEDULE 13D CUSIP No. 36113E107 ------------------------------------------------------------------------------- Explanatory Note: This Amendment No. 3 amends and supplements Amendment No. 2 to Schedule 13D filed on March 17, 2011 which amended and supplemented 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. Item 2. Identity and Background ----------------------- No material changes. Item 3. Source and Amount of Funds or Other Consideration ------------------------------------------------- No material changes except as set forth on Schedule A attached hereto. Item 4. Purpose of Transaction ---------------------- No material changes. Item 5. Interest in Securities of the Issuer ------------------------------------ There are no material changes from Amendment No. 2 to Schedule 13D filed by the Reporting Persons on March 17, 2011 except as regards beneficial ownership as indicated on Pages 2 through 6 herein and as provided below. The aggregate percentage of Shares reported as owned by each Reporting Person is based upon 38,240,438 Shares outstanding as of March 8, 2012, which is the total number of Shares outstanding as reported in the Issuers Form 10-K filing for the fiscal year ended December 31, 2011, filed with the Securities and Exchange Commission on March 15, 2012. This Statement is being filed with respect to an aggregate of 3,667,102 Shares of Common Stock. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer ----------------------------------- No material changes. ------------------------------------------------------------------------------- Page 7 of 8 Pages SCHEDULE 13D CUSIP No. 36113E107 ------------------------------------------------------------------------------- Item 7. Material to be Filed as Exhibits -------------------------------- No material changes. 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 23, 2012 /s/ George E. Case, III ---------------------------------- George E. Case, III, as Vice 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 for the investment manager of (iii) Bay Resource Partners Offshore Master Fund, L.P. and (iv) certain other accounts and for Thomas E. Claugus Page 8 of 8 Pages ----------------------------------------------------------------------------- Schedule A ---------- Transactions In The Shares During The Past 60 Days ------------------------------------------------------------------------- BAY RESOURCE PARTNERS, L.P. (Bay) Date of No. Shares Price Per Sale Sold Share -------- ------------- ---------- 01/30/2012 13,900 $8.35 02/29/2012 4,700 $8.00 03/01/2012 5,200 $8.05 03/02/2012 4,100 $7.97 03/05/2012 3,500 $7.78 03/06/2012 6,400 $7.50 03/07/2012 4,000 $7.62 03/19/2012 2,600 $7.88 03/20/2012 6,100 $7.82 03/21/2012 2,600 $7.80 03/22/2012 5,800 $7.77 BAY II RESOURCE PARTNERS, L.P. (Bay II) Date of No. Shares Price Per Sale Sold Share -------- ------------- ---------- 01/30/2012 28,900 $8.35 02/29/2012 9,800 $8.00 03/01/2012 10,600 $8.05 03/02/2012 8,500 $7.97 03/05/2012 7,300 $7.78 03/06/2012 13,300 $7.50 03/07/2012 8,300 $7.62 03/19/2012 5,300 $7.88 03/20/2012 12,600 $7.82 03/21/2012 5,500 $7.80 03/22/2012 12,000 $7.77 BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. (Offshore Fund) Date of No. Shares Price Per Sale Sold Share -------- ------------- ---------- 01/30/2012 60,000 $8.35 02/29/2012 20,300 $8.00 03/01/2012 21,977 $8.05 03/02/2012 17,723 $7.97 03/05/2012 15,100 $7.78 03/06/2012 27,700 $7.50 03/07/2012 17,200 $7.62 03/19/2012 11,100 $7.88 03/20/2012 26,200 $7.82 03/21/2012 11,213 $7.80 03/22/2012 24,928 $7.77 Page A-1 GMT CAPITAL CORP. Date of No. Shares Price Per Sale Sold Share -------- ------------- ---------- 01/30/2012 3,500 $8.35 02/29/2012 1,200 $8.00 03/01/2012 1,300 $8.05 03/02/2012 1,000 $7.97 03/05/2012 900 $7.78 03/06/2012 1,600 $7.50 03/07/2012 1,000 $7.62 03/19/2012 600 $7.88 03/20/2012 1,500 $7.82 03/21/2012 700 $7.80 03/22/2012 1,500 $7.77 THOMAS E. CLAUGUS (CLAUGUS) Date of No. Shares Price Per Sale Sold Share -------- ------------- ---------- 01/30/2012 2,500 $8.35 02/29/2012 800 $8.00 03/01/2012 900 $8.05 03/02/2012 800 $7.97 03/05/2012 600 $7.78 03/06/2012 1,200 $7.50 03/07/2012 700 $7.62 03/19/2012 500 $7.88 03/20/2012 1,100 $7.82 03/21/2012 500 $7.80 03/22/2012 1,000 $7.77 All of the above transactions were open market sales on the NASDAQ National Market System. Page A-2 -----------------------------------------------------------------------