Green’s Dictionary of Slang

half-iron n.

[SE half + iron (hoof) n.]

1. a man who enjoys the company but not the specific predilections of homosexuals.

[UK]Partridge DSUE (8th edn) 522: mid-C.20.

2. a bisexual.

[UK]J. Morton Lowspeak 70: Half iron – a bisexual.