We had 1,100 pieces of these custom metric dacromet coated u-bolts produced using 42CrMo  material with heat treat hardening.  The part was originally designed to be made using 17-4PH stainless steel material but a number of attempts resulted in multiple failures during bending - the material was too hard and repeatedly snapped as the tool pressed the 90 degree corners.  As a result we switched to the 42CrMo material with heat treat to obtain the required hardness and strength, with a combination of the dacromet coating to achieve the corrosion resistance needed.  Turned out to be a much trickier part than originally anticipated!