I don't understand the bottle opener at all. I guess it is supposed to be cute, as it can't be practical (love Adamlein's observation that it could only be used underway (for sodas of course!)). In any event, I can see the manufactures court testimony if the accident the OP mentioned did occur. Attorney: "Mr. Manufacturer....Why did you think it was a good idea to incorporate a bottle opener in the shank of the anchor, eliminating material, thereby reducing it's strength?" Mr. Manufacturer: "I don't recall that discussion at this time."
Regarding the "cheap Chinese steel"...Bet they are, everybody's doing it. in fact, we shipped entire sections of the new SF Bay Bridge from China!