Base metals are in positive territory after a stabilization of China markets. There is hope that the .44 % positive move in the Shanghai Composite Index in addition to commitments to prop up the yuan will stop the slide in scrap values. There are also reports that iron ore production is being slowed by environmental concerns along with increased price. The very low prices for iron ore have contributed to the fall in scrap steel values as well. Although this could be considered baby steps they are at least steps in the right direction