Go to Home Depot or equivalent.
Get a large (60pint) dehumidifier.
Wish you had bought one years ago.
And run the hose outdoors so it don't keep shutting-off as the bucket fills up.
Really. Think it through. "Fluid film" is grand stuff, but ...
The column is "in your face". Far WORSE slow corrosion damage is going-on where you do NOT see it. And
cannot effectively coat nor renew a protective coating even if you GUESSED at it or went HUNTING for it.
"Air" .. and any moisture it carries? JF seems to "get around". Nature of the vapour, yah?
FIX.. the problem
at the source.
Dry it up. Or blow-away.... to where it is NOT a problem.
You cannot EVER "win" a
war against pervasive gases and vapours with wax and oil.
"Gun blue".. BTW .....is a form of
rust.."doped" with trace elements. Selenous acid or such?
So countering RUST in condensing humidity with it ...is actually about as comical as shaving half yer scrotum, setting yer remaining pubic hair afire .. and standing ready to STAB ..crab lice to death ... with a sharp ice-pick.. as the terrified little buggers flee the flames in panic..
.. heading off to Washington.... for
government jobs!
"Collateral damage thing?" Wait 'til you see the TAX bill!
Hurts worse if you MISS than if you HIT?
Condensing humidity is much the same.