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[–] VIP740 0 points 2 points (+2|-0) ago 

If the iron was evenly spread the gravitational pull of all the different iron particles would cancel each other out. You probably wouldn't get any black holes that way.

If you had black holes and neutron stars to suck in some of the metal you may end up with some black holes cutting tunnels through the metal, but I don't think you'd get everything to collapse all at once.