Yes, the Sweep command would be the best to use:

Draw your profile - Rounded edges.
Make lines that are offset for the bent sections of the metal strap...



Move the two small lines down and over to represent the edge of the bent section...
Blend the ends of the profile and the lines to get a smooth transition...



Merge the whole thing - Copy and Rotate to make a pair...
Position the copy so that the bottom is as far in one direction as the top ends are in the other...



Make a rounded Rectangle...
Sweep the rectangle using both profiles as a path (2 Path Sweep)...



...There you go... You may need to adjust the transition path to make the bent section work best.