The process by which iron corrodes is

The corrosion of iron is specifically called rusting. Rusting occurs when iron reacts with oxygen and water (moisture) over time to form hydrated iron(III) oxide, commonly known as rust:

\[4\text{Fe} + 3\text{O}_2 + 6\text{H}_2\text{O} \rightarrow 4\text{Fe(OH)}_3\]

The iron(III) hydroxide gradually dehydrates to form the familiar reddish-brown rust (Fe₂O₃ . xH₂O). Both oxygen and water must be present for rusting to occur; iron does not rust in dry air or in air-free water.

The other options are different processes entirely: burning (combustion) is a rapid reaction with oxygen involving flame and heat; galvanizing is a method of preventing corrosion by coating iron with a layer of zinc; alloying is mixing metals together to form an alloy (such as stainless steel), which is also a corrosion-prevention strategy, not a corrosion process.