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
-----------------------------------------------------------------------