A method for improving the operational life of production parts, such as steel sucker rods, couplings, pump parts, and tubes, for use in underground recovery or production of oil and gas, includes coating the steel production parts with a layer of corrosion resistant alloy (CRA) to reduce a loss rate of the steel by improving corrosion resistance and mitigate pitting. In one embodiment, the corrosion resistant alloy is a nickel-based alloy. In other embodiments, the steel production parts can either be coated with an epoxy / phenolic layer, or coupled with a sacrificial anode. The coating process can implemented by any one of the following processes: cold spray coating; electroless corrosion resistant coating; flow forming; and electrochemical machining.