Sway bar has other names as anti-roll bar or stabilizer bar and
is present in automobile suspension. The purpose of a sway bar is
to keep the body roll of the vehicle at low level during a sharp
turn.
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Anti-sway bar or shock broken.
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I believe usuallly it is a High Carbon Steel such as 1080 - 1095
or 5160 series steels
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The links go on the end on the sway bar and hook to the
suspension. Bushings are used to connect the sway bar to cars
frame.