A diameter of 7 cm gives you a cross-section of about 40cm<sup>2</sup>. There's no Lorentz contraction orthogonal to the direction of travel, and as always, I'm rounding a lot here. Each meter, the sphere will sweep through 4000cm<sup>3</sup>, striking that many protons. So in one second, that's going to be 4000 atom/meter * 3E8 meters/second or on the order of 10<sup>13</sup> atoms/second.
Now the big question is how many iron atoms will a relativistic proton ablate from a solid target? I honestly don't know. Let's start by just comparing the numbers of atoms.
10kg of iron, which has an atomic weight of 55.8, is about 180 moles, or about 10<sup>26</sup> atoms. Assuming a 1:1 ablation ratio, the object lasts around 10<sup>13</sup> seconds. There's 3E7 seconds in a year, so we're looking at 1 million years, order of magnitude.
That's long enough to cross the galaxy. The probability of encountering a region of denser gas or even dust is quite high, so the real lifetime is probably a lot lower. But 1:1 is probably ridiculously low.
It might also be interesting to look at how quickly the object heats up. Vacuum is a very good insulator; you lose heat only by radiating it. 10<sup>13</sup> nucleons * 500 MeV/nucleon works out to about 10<sup>21</sup> eV or 100 joules (again, rounding to near powers of 10...).
Order-of 100 joules is a macroscopic quantity of energy - it will boil a gram of water. It takes around 10<sup>6</sup>J to vaporize a mole of iron if the iron is already at the vaporization temperature, so that would take about 10<sup>4</sup> seconds, or about 10<sup>6</sup> seconds to boil the whole thing. Now we're down to about 4 months. But that assumes that the object absorbs all the energy, and is already at the boiling temperature of iron, and it ignores cooling from evaporation and radiation.
That the object will vaporize seems certain purely on thermodynamic grounds without even considering nuclear reactions: a flux of 500MeV particles has a temperature of trillions of degrees, so the object is not going to reach thermal equilibrium with its environment without vaporizing.