I would grind it all down to clean metal. Stand it up so you're welding in the flat position. Take a piece of flat bar weld it to the flat section, heat the flat bar and wrap it around the pipe, and weld to the opposite flat section.
Is this worth fixing? I got it recently and it lasted about 30 minutes of use. Looks like a lot of force is exerted in this area. The new weld was my amateur attempt, and lasted about 2 minutes.
I can bring it to a professional, I think its beyond my scope...
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I've made that repair on several old scrape blades. Get it back in line, grind it down, and stick weld it up vertical. Get another piece of flat metal, and bend it all the way around the back (wrap it) so that it meets the other side. Then weld it back to the bracket. Grind out the weld and slightly taper back the bracket.