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Join Date: Jan 2014
Location: US
Posts: 177
Bikes: 50's-60's Ross Deluxe, 68 Schwinn, 83 Peugeot P8, 84 Jamis Durango, 85 Peugeot PH501, 86 Raleigh Grand Prix, 91 Maruishi RX-7, 92 Marin Bear Valley, 92 Trek 950
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Lot's of great tips here!
A couple of things to add:
Evapo-Rust is an excellent rust removal solution. I use it a lot in my line of work a lot, and it applies to bicycles as well. You can use a clean rag soaked in Evapo-Rust to wrap around parts of the frame or wheels if needed.
Autosol is an excellent and long lasting polishing compound that polishes chrome and aluminum with excellent results. It polishes aluminum better than anything I have ever seen/heard of/used. A little dab of this compound goes a long-long way.
You can also use very fine-grain wet/dry sandpaper to polish scratches that steel wool can't smooth out before you apply polishing compound.