I think c-n-c has just nailed it. In 1975 / 76 I had a job working for a company fixing and installing rolling steel garge doors. In large buildings some of the partitioned walls would have openings with rolling steel fire doors and they'd be rigged to drop and seal off the building in fire. We'd even do a drop test once a year on the fire doors we installed. It was a fusible link that would fail at a set temperature that would allow the rolling steel door to drop free. If not that maybe a heavy duty engine starter fusible link is what that is? The drawing is one used in a fire door. I wasn't getting what this soldering being described was all about from the picture, but now I do. I'm very sure it's a fusible link designed for some kind of fire or electrical overload application.