German steel company Salzgitter on Friday registered a plunge in net profit for the full year, mainly due weak economic conditions and lower steel prices. For the 12-month period, the group reported a net income of €204.1 million ($221 million) or €3.70 per basic share, lesser than €1.085 billion or €20 per share, reported last year. Earnings before taxes or EBT plunged to €238.4 million from previous year’s €1.245 billion. Earnings before interest and taxes or EBIT stood at €355.1 million as against €1.311 billion in 2022. EBITDA moved down to €677 million from €1.618 billion a year ago. Crud…