Presentation made by Nathan J. Anderson, Vice President of Investor Relations, at Oppenheimer China Dragon Call on May 19, 2009 in New York City.

1. Fushi Copperweld, Inc.
(Nasdaq: FSIN)
China Dragon Call Conference May 2009

2. Safe Harbor Statement
Except for the historical statements made herein, the statements made in this
presentation are forward-looking statements that could cause actual results to
differ materially from those projected in forward-looking statements include, but
are not limited to, general business conditions, managing growth, and political
and other business risks. All forward-looking statements are expressly qualified
in their entirety by this Cautionary Statement and the risks and other factors
detailed in the Company’s reports filed with the Securities and Exchange
Commission. Fushi Copperweld, Inc. undertakes no duty to update these
forward-looking statements.

3. Fushi Copperweld – Who we are
• World’s largest manufacturer of bimetallic wire; principally copper-clad
aluminum and copper-clad steel
• Operate through wholly-owned subsidiaries Fushi International
Our business (Dalian), based in Dalian, P.R.C., and Copperweld Bimetallics LLC,
based in Fayetteville, Tennessee. Over 100 years of operating
experience
• Exclusive worldwide rights to proprietary cladding technologies and
processes
• Global sales network serving over 60 countries in North and South
America, Europe, Africa, and Asia.
• Manufacturing facilities in Dalian, P.R.C., Fayetteville, Tennessee, and
Market reach Telford, England
• Market share leader in Asia, North America, and Europe
• Nasdaq Global Select.……………………………………………………….FSIN
• Price (May 15 2009)….…...………………………………………………...$7.78
• Market Capitalization……………………………………...…......$217 million
• Fully Diluted Shares Outstanding……………………………..27.9 million
Key metrics
• 2008 Revenues (FY end December 31)…..……….........$221.4 million
• 2008 EPS…………………………………………………….……………..…...$1.00
• Q2’09 EPS Guidance………………………………………………$0.21 - $0.25*
*Non-GAAP Diluted EPS

4. Investment Highlights
• Leading designer, developer, manufacturer, and innovator of copper-cladded bimetallic products in
China– China is the world’s largest and fastest growing market for bimetallic wire
• Well positioned to benefit from China’s infrastructure buildout and 3G expansion
• Significant opportunities to enhance profitability at Fayetteville, TN facility
• Underutilized capacity (~40%) provides opportunity for growth with minimal capex needs
• Healthy balance sheet with no net debt
• Insiders own over 40% - highly incentivized to create shareholder value
• Attractive opportunities for accretive acquisitions
• Trading at attractive valuations
• 8.3 2009E p/e*
• $203.9 million book value
• Both multiples are at a meaningful discount to other U.S. comparables
*2009 estimated EPS based off Roth Capital Partners and Jefferies & Company, Inc. consensus estimates

5. Bimetallics’ Competitive Advantage
Cost benefits and technological advantages of bimetallics. Due to the technology associated with cladding,
there are significant barriers to entry in this field
CCA CCS
• Primary end markets include: Telecom • Primary end markets include: Telecom
(braid and RF cables for cell towers) and (CATV and telephony drop cables), Utility
Utility (power transmission and grounding (grounding cables) , and Transportation
applications) (Catenary wire for electrified railways)
• Combines the conductivity and corrosion • Combines the strength and durability of
resistance of copper with the light weight steel with the conductivity and corrosion
and relatively low cost of aluminum resistance of copper
• Compared to solid copper wire, CCA weighs • Lower cost of implementation due to easier
63% less, yielding 2.7 times more wire for handling and less risk of breakage
the same weight
• Lowered risk of theft as impossible to
• Has the same utility and functionality of separate copper cladding from core metal
pure copper, but can be up to 65% cheaper
• Lowered risk of theft as impossible to
separate copper cladding from core metal

6. Expansive Global Distribution
• Fushi Copperweld is a worldwide brand with a sales presence in over 60 countries. In First Quarter 2009
we served roughly 300 customers in 38 countries from our facilities in Dalian, PRC; Fayetteville,
Tennessee; and Telford, U.K.
Telford
Dalian
Fayetteville
4% 4%
20%
72%
Net sales breakdown by region Q1 2009:
China Americas Europe Other

7. Applications of Bimetallics
Each category below can serve as a significant revenue driver. Shown are area percentage of sales.
Q1 2009
1
4
41
54 FY 2008
1
5
Telecom
39 Utility
55
Transportation
Other

8. Impact of China’s Infrastructure Investment
Large scale capital expenditures in infrastructure related projects within China is expected to grow
demand of bimetallic products in telecommunication, utility and transportation markets
Stimulus Package 3G
• Central government announced stimulus • China Mobile, China Unicom and China
package Nov. 2008, it totals nearly $586 Telecom planned capex projects for 3G
billion USD network totals$58 billion USD over next
three years
• Stimulus focused on infrastructure buildout
in rural areas ($54 billion USD), power • Approximately 60,000 base stations to be
grid and highways ($27 billion USD) and built in first phase (2009-2010)
areas worst hit by earthquake ($146.5
billion USD) • China Unicom and China Telecom plan to
spend approximately $4.4 billion USD on
• Minster of Railway’s plans to build over ECDMA and CDMA networks
30,000 kilometers of new railways by 2012;
expects $87.9 billion USD on railway
construction in 2009
*Source: Ministry of National Development and Reform; Ministry of Industry and Information Technology; Ministry of

9. Targeted Growth Markets
Telecommunication Electrical Utility
• China 3G network buildout – P.R.C. Products:
Ministry of Industry & Information
Technology estimates up to $58 billion •Transmission & distribution infrastructure to
USD in investment over next two to benefit from government stimulus packages
three years •P.R.C. power grid underdeveloped -
• Lower mobile and broadband power T&D assets require increased
penetration rates in emerging investment
Asian economies
Transportation
• Catenary/overhead cable for Grounding Wire
electrified railways – spending on
railway construction in PRC • Partnership with AFL Telecommunications
increased by 80%, to $87.9 billion provides instant access to sales & distribution
USD in 2009 networks in U.S. and Europe
• Automotive harness wire – lower •Historically a “copper” application – low
weight of CCA allows for increased market penetration levels for bimetallics allow
fuel efficiency and more compact room for growth
design

10. Dalian Facility Overview
• Located in Northeast China
• Attractive access to waterway
• Modern, state-of-the-art machinery
• 40,000 MT annualized CCA capacity
• Leading provider bimetallic wire in China:
China is the world’s largest and fastest growing
market for bimetallic market wire
• Plans to add 4,100 MT annualized CCS
capacity in 2009; will be first facility in China
to have large-scale CCS production capabilities
• Primary end markets include telecom and
utility
• ISO 9001 certified
• Awarded High Grade Foreign Investment
Project status in Dalian

11. Tennessee Facility Overview
• Acquired in Q4 2007 for $22.5 million
• Leading bimetallic wire provider in the Americas, Europe, Middle East and North Africa
• Provided company important entry into growing U.S. market
• 12,400 MT annualized CCA capacity; 16,300 MT annualized CCS capacity
• Added scale and compelling new products
• Primary end markets include telecom and utility
• Underutilized CCS and CCA lines will relocate to Dalian, saving $24 million in capex
• Currently losing money
• New management recently installed
• Expect facility will break even or be profitable by 2010
• Q1 initiatives resulted in annual cost savings of $1.2 million; new manufacturing processes
could further improve profitability, even without an increase in demand
• Growing revenues by
• ISO 9001 and IS0 14001 certified, houses
industry-leading research and testing lab

12. Impact of Copper Prices
• Price products on a metals Spot Prices Jan. 08- Apr. 09
plus cost basis; fluctuations in
raw materials directly impact
$4.00
ASPs $3.50
•Pricing mechanism allows for
$3.00
the cost of price changes in raw $2.50
$/ lb.
materials to be passed through CU
to customers, mitigating risk
$2.00
from fluctuations of metal costs $1.50 AL
$1.00 Steel
• Fushi Copperweld products
are effectively “engineered $0.50
composite conductors” - do not
$0.00
produce commodity products
Oct
Jan
Apr
Jan
Apr
Mar
Mar
Feb
May
Jun
Sep
Nov
Feb
Jul
Dec
Aug
*Source: New York Commodities Exchange (COMEX) high-grade copper trading prices January 2008 - Apr 2009

13. Decreasing Customer Concentration
Q1–2008 Q1–2009
13.6%
19.9%
80.1% 86.4%
Top 5 Others

14. Highly Experienced Management Team
Mr. Fu is the Chairman and CEO of Fushi Copperweld, which he founded in
Chairman & CEO 2001. Mr. Fu holds a degree in engineering from PLA University of Science
and Technology. Under his leadership, Fushi has experienced phenomenal
Li Fu
growth.
Wenbing Christopher Wang has served as CFO of Fushi Copperweld since
President/CFO 2005 and President since January of 2008. Mr. Wang has worked for
Redwood Capital, China Century, and Credit Suisse First Boston. Mr. Wang
Chris Wang
holds an MBA from the University of Rochester. Mr. Wang was named one
of the top ten CFOs of 2007 in China by CFO magazine.
Dwight Berry oversees Fushi Copperweld's sales, R&D, and manufacturing
Chief Operating operations at all locations wordwide. Mr. Berry has 15 years of direct
Officer CATV/wire and cable experience and over 20 years experience in
Dwight Berry manufacturing management. Mr. Berry's education includes a B.S. from
Mississippi College and the Wharton Financial School at the University of
Pennsylvania.

15. Strong Balance Sheet
(in USD) March 31, 2009
Cash 42,716,858
Accounts Receivable 44,327,752
Inventories 19,542,327
PP&E 118,212,704
Other Assets 34,248,751
TOTAL ASSETS 278,243,550
Short-Term Debt 14,125,266
Accounts Payable 5,382,595
Long-Term Debt 44,628,582
Other Liabilities 3,040,466
TOTAL LIABILITIES 67,178,909
Shareholders’ Equity 203,866,847

16. Historical Financials
(in USD) 2006 2007* 2008
Revenue 67,595,774 128,222,083 221,434,702
Gross Profit 24,814,105 42,448,264 57,252,963
SG&A 4,428,499 11,803,288 20,162,726
Operating Profit 20,385,606 30,644,976 37,090,237
Interest Expense 1,072,769 7,544,635 8,833,866
Taxes Provision (Benefit) 398,425 (2,852,000) 494,911
Net Income 17,810,026 29,505,627 28,474,509
EPS $0.84 $1.19 $1.00**
Revenue Growth YoY 50.1% 89.7% 72.7%
Gross Margin 36.7% 33.1% 25.9%
SG&A as % Revenue 6.6% 9.2% 9.1%
Operating Profit Margin 30.2% 23.9% 16,8%
Net Income Margin 26.4% 23.0% 12.9%
*Copperweld Bimetallics, LLC. acquired Q4 2007; **Includes $0.11 litigation accrual

17. 2009 First Quarter Results and Outlook
Q1 2009 Results 2009 Outlook
• GAAP EPS of $0.11 • Adjusted Non-GAAP EPS for Q2’09
projected to be $0.21-$0.25
• Adjusted Non-GAAP EPS of $0.14
• Expect sequentially growth quarter over
• CCA volume shipped from Dalian increased quarter in 2009 due to:
1% compared to first quarter 2008 despite
global economic slowdown • Absence of Chinese New Year;
• Dalian operated at only 67% capacity in • Increased profitability at Dalian
1Q09; well positioned to capitalize on facility due to stimulus package and
expected near term growth economic revitalization; and
• Q1 seasonally weak quarter due to Chinese • Increased profitability at Fayetteville
New Year facility due to cost savings initiatives

18. Investment Highlights
• Leading designer, developer, manufacturer, and innovator of copper-cladded bimetallic products in
China– China is the world’s largest and fastest growing market for bimetallic wire
• Well positioned to benefit from China’s infrastructure buildout and 3G expansion
• Significant opportunities to enhance profitability at Fayetteville, TN facility
• Underutilized capacity (~40%) provides opportunity for growth with minimal capex needs
• Healthy balance sheet with no net debt
• Insiders own over 40% - highly incentivized to create shareholder value
• Attractive opportunities for accretive acquisitions
• Trading at attractive valuations
• 8.3 2009E p/e*
• $203.9 million book value
• Both multiples are at a meaningful discount to other U.S. comparables
*2009 estimated EPS based off Roth Capital Partners and Jefferies & Company, Inc. consensus estimates

19. Contact Us
Investor contact • Nathan Anderson
VP/Investor Relations
nanderson@fushicopperweld.com
Beijing office
• Fushi Copperweld, Inc.
TYG Center Tower B, Suite 2601
Dong San Huan Bei Lu Bing 2
Beijing PRC 100027
Telephone: +86. 139.1150.8107
US Mobile: +1.931.652.2433
Thank you!