Agreed, I think its forged which is why the bend not break. Don't do it cold, he initial bend has work hardened it and you have to heat into the dull red to remove that hardness. If you don't it will crack and also when hit it it won't bend back at the bend where its now harder, but next to it so you end up not with the straight pedal but one with 2 opposite bends.
I see you are in the antipodes, just put it in the barbie for a while, it will come out wonderfully soft. : )