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Iron horse's pulling power? (6,9)

Ross

I believe the answer is:

animal magnetism

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'iron' is the definition.
Although both the answer and definition are singular nouns, I don't see how they can define each other.

'horse's pulling power?' is the wordplay.
'horse's' becomes 'animal' (I can't explain this - if you can you should believe this answer much more).
'pulling power?' becomes 'magnetism' (I've seen this before).
'animal'+'magnetism'='ANIMAL MAGNETISM'

Can you help me to learn more?

(Other definitions for animal magnetism that I've seen before include "Sexual attraction" , "Physical attractiveness" , "Zoo attraction" , "Polar bears might exert such a pull" .)

I've seen this clue in The Independent.
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