Podgorica (MINA-BUSINESS) – The Russmont Steel Corporation can only help out the Niksic steel works to survive the next few months but it is not a strategic partner to the Niksic plant, consultant on development issues Ranko Milovic told a round table called Metallurgy in Montenegro - current status and perspectives. Russmont Steel signed on March 1 this year a contract on leasing the steel plants of the Niksic steel works over the next five years. Milovic said the Niksic plant needed more expertise and more investment. "The chief Russmont Steel manager is a trader and the Niksic Zeljezara needs an investor which is also producing steel. Only producing companies have the know-how we need," he said. According to the five-year contract, the Russian company is obliged to start investing in the modernisation of the steel plants, but agreed investments would be insufficient to raise the production to desired levels. He also said the contract with Russmont Steel delayed the privatisation of the Niksic Zeljezara.