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.
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(Name of Issuer)
COMMON STOCK, (PAR VALUE $0.006 Per Share)
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(Title of Class of Securities)
36113E107
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(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
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(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).
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Page 1 of 8 Pages
SCHEDULE 13D
CUSIP No. 36113E107
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Bay Resource Partners, L.P.
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2 Check the Appropriate Box if a Member of a Group (See
Instructions)
a. [ ]
b. [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
WC
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5 Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
Delaware
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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
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
495,700
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13 Percent of Class Represented By Amount in Row (11)
1.3%
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14 Type of Reporting Person (See Instructions)
PN
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Page 2 of 8 Pages
SCHEDULE 13D
CUSIP No. 36113E107
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Bay II Resource Partners, L.P.
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2 Check the Appropriate Box if a Member of a Group (See
Instructions)
a. [ ]
b. [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
WC
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5 Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
Delaware
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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
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
1,068,800
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13 Percent of Class Represented By Amount in Row (11)
2.8%
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14 Type of Reporting Person (See Instructions)
PN
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Page 3 of 8 Pages
SCHEDULE 13D
CUSIP No. 36113E107
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Bay Resource Partners Offshore Master Fund, L.P.
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2 Check the Appropriate Box if a Member of a Group (See
Instructions)
a. [ ]
b. [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
WC
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5 Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
Cayman Islands
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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
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
2,210,043
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13 Percent of Class Represented By Amount in Row (11)
5.9%
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14 Type of Reporting Person (See Instructions)
PN
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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.
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2 Check the Appropriate Box if a Member of a Group (See
Instructions)
a. [ ]
b. [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
WC
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5 Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
Delaware
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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
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
3,902,643
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13 Percent of Class Represented By Amount in Row (11)
10.3%
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14 Type of Reporting Person (See Instructions)
CO
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Page 5 of 8 Pages
SCHEDULE 13D
CUSIP No. 36113E107
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
Thomas E. Claugus
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2 Check the Appropriate Box if a Member of a Group (See
Instructions)
a. [ ]
b. [ ]
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3 SEC Use Only
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4 Source of Funds (See Instructions)
OO
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5 Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
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6 Citizenship or Place of Organization
Delaware
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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
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10 SHARED DISPOSITIVE POWER
3,902,643
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
3,994,543
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12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares
(See Instructions) [ ]
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13 Percent of Class Represented By Amount in Row (11)
10.6%
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14 Type of Reporting Person (See Instructions)
IN
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Page 6 of 8 Pages
SCHEDULE 13D
CUSIP No. 36113E107
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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.
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Page 7 of 8 Pages
SCHEDULE 13D
CUSIP No. 36113E107
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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
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Schedule A
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Transactions In The Shares During The Past 60 Days Or Since The Most
Recent Prior Filing On Schedule 13D or Amendments Thereto
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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
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