$=\mathrm{I}(2 r \hat{\mathrm{i}}) \times(-0.2 \hat{\mathrm{k}})=20 \mathrm{j}$
Magnetic force is in $+ve$ $y$ direction
So balancing force on semi-circular ring we get
$2 T=20$
$T=10 N$


Reason : Soft iron has high magnetic permeability and cannot be easily magnetized or demagnetized.