First off, “ferrous metals” ≠ “iron”, there are other ferrous metals.
The term “ferrous metal” means “magneticly interactive”, so the definition covers the behavior you see. There are actually 5 groups:
1. Diamagnetism = little effect from magnetic fields
2. Paramagnetism = have magnetic properties in a magnetic field, but can’t be permanently magnetized
3. Ferromagnetism = the one you’re describing, can be made magnetic
4. Ferrimagnetism = magnetic oxides have this effect, so you can make a tiny part N->S magnetic and the next part S->N magnetic and they don’t change each other
5. Antiferromagnetism = these block magnetic fields
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