Chlorine tends to precipitate iron, especially when added in large quantities at high-ish pH. Also, industrial bleach (as opposed to laundry bleach) often had quite a bit of iron in it. It's normally chelated by adding sugar during manufacture, which creates gluconic acid, but laundry bleach is filtered to remove the iron.
Your iron could be from one or both factors.
Regarding removal, I have a complete thread in this section on that topic -- read and follow it. It covers the EXACT order in some detail. Take the Metal Free back; it's not chlorine compatible enough to work well for you.
By the way, do NOT stop chlorinating while you worry about the iron -- you don't want to deal with BOTH iron AND algae!. If you want to, you can use polyquat to allow lower chlorine levels, and you'll need some anyhow, during the no-chlorine period of clean up.
Good luck!
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