First +
Mark Mandell - Gone Round In New Jersey
Phosphoric acid. Sold as "Naval Jelly" , "Must For Rust" and several others. This chemically changes Iron Oxide (a/k/a Rust) to Iron Phosphate and dark gray crystalline compound that halts further oxidation in those pits. Now with a flat block wrapped in wet/dry 400 grit paper and mineral spirits, carefully rub down, bu hand the top. Wipe clean, and treat your surface. Boeshield is great if your humid, but I use my friend Johnson's.
Lastly, get a dehumidifier going in your shop; preferably one with a pump included or draining either outside or into a small condensate pump like is attached to a furnace A/C coil, so you don't have to worry about emptying the thing..