Iron ore futures extended their gains on Wednesday after the central bank in top consumer China pledged financial support to boost domestic demand, exemplified by lower-than-expected consumption data. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) was up 0.26% at 765 yuan ($110.63) a metric ton, as of 0234 GMT. The benchmark March iron ore on the Singapore Exchange was trading 0.17% higher at $100.35 a ton. China’s central bank said late Tuesday it will step up financial support to boost domestic demand, as industrial overcapacity and lacklustre consumption weighed on business ... (full story)