Andy Hughes and Marc Duffy were signed on permanent contracts during the week, while Abdi Ibrahim and Paul Reid were playing in only their second Iron outings.
"I was pleased with the new players we have brought in. They have added some steel to the dressing room and some experience onto the pitch," said Baraclough.
"If we can go on and continue to produce performances like this then I am sure we can get ourselves out of trouble.
"Despite bringing a number of players in this week, the chairman says the chequebook is still not closed and I am still looking to bring in a striker before the January transfer deadline closes."
Baraclough felt there were signs of improvement following four successive defeats.
"I asked my players to go out and deliver a performance and I thought they battled well on a difficult pitch," he said.
"We created a number of chances and if we could have done a little better in the final third then we might have got all three points."
Eddie Howe was content to gain a point in his first match as Burnley manager.
"Scunthorpe is a difficult place to come, even though I know their home record has not been too good in recent games," he said.
"Defensively I thought we were strong, it was just in the final third where we could not find the quality we need."