Its some kind of bracket thingy. My guess is for hanging something, i dunno. I found it weird that there are temperatures written on it. 360degF and 182degC. The loop can move side to side, as it is mounted on a bearing like thing in the middle. It has all kinds of writing on it, so Im sure someone here will id it. I found it under the bleachers at my local fairgrounds. Heres the pics. Any ideas