Is mild steel or high yield steel suitable as lifting hoops in precast concrete?

The strength of high yield steel is undoubtedly higher than mild steel and hence high yield steel is commonly used as main steel reinforcement in concrete structures. However, mild yield steel is commonly used in links or stirrups because they can be subjected to bending of a lower radius of curvature.

For lifting hoops in precast concrete, it is essential that the hoops can be bent easily and hence mild steel is commonly adopted for lifting hoops because high yield bars may undergo tension cracking when it is bent through a small radius.

This question is taken from book named – A Self Learning Manual – Mastering Different Fields of Civil Engineering Works (VC-Q-A-Method) by Vincent T. H. CHU.