Euronext Brussels hosts Belgium's leading industrial and materials companies — from steel wire to copper recycling and specialty chemicals. Small but highly cyclical market with strong commodity signal exposure.
| # | Company | Signal | Cycle return |
|---|---|---|---|
| 1 | SolvaySOLB.BR | PMI + Soda Ash | |
| 2 | UmicoreUMI.BR | EV Sales + Cobalt | |
| 3 | AperamAPAM.BR | LME Nickel | |
| 4 | AB InBevABI.BR | EM Consumer | |
| 5 | Elia GroupELI.BR | ECB Rates |
| # | Stock | Signal | Cycle return | Duration | Period |
|---|---|---|---|---|---|
| 1 | BekaertBEKB.BR | Steel HRC | 29 mnd | 2016-01 → 2018-06 | |
| 2 | UmicoreUMI.BR | LME Copper | 29 mnd | 2016-01 → 2018-06 | |
| 3 | D'IeterenDIE.BR | Global PMI | 24 mnd | 2020-03 → 2022-03 | |
| 4 | SolvaySOLB.BR | LME Copper / PMI | 22 mnd | 2016-01 → 2017-11 | |
| 5 | Elia GroupELI.BR | Interest Rates | 36 mnd | 2020-03 → 2023-03 | |
| 6 | AperamAPAM.BR | Steel HRC | 18 mnd | 2020-10 → 2022-04 |