First quarter consolidated profit at German steel giant Salzgitter declined to €15 million ($16.1 million) from €140.5 million last year, the company said on Monday. Basic earnings per share were €0.24 compared to €2.57. Salzgitter reported earnings before interest and taxes (EBIT) of €45.2 million compared to €214.2 million last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) declined to €126.4 million compared to €290 million last year. External sales also dropped to €2.68 billion compared to €2.98 billion seen in the prior year. The company said the result was …