Any iron or steel, with the possible exception of stainless steel, should provide the needed
boost in iron levels. I would think the main factor is the size of the pieces. The smaller particles a given mass is broken into will determine the rate of oxidation and the rate of conversation to a usable form for the tree. Between working in machine shops and living near a 100+ year old cast iron foundry most of my life, I've never had a problem getting small chips to spread. I guess any rusting steel, no matter the size, is better than none.
A quick google for "iron deficiency in pecan" turned up quite a lot of info. My knowledge is just based on watching and listening to people older and wiser and watching the trees, so YMMV.
Edit to add; If you are keeping livestock under the pecans, I would think pieces of wire or rebar driven into the ground might be a way to avoid
chickens or other animals ingesting the chips. I'm not sure if it would be a problem.