It sounds like you have pre-Nitron slides and the Sig blue has worn off.
The slides are stainless steel which do not (traditional) blue well and will rust.
I would recommend some light blasting with a refinish. Even something cheap and easy like Cerakote will protect them. Check out
Customized Creationz and look at the work Todd has done––it's pretty cool. If you call/e-mail him, he will give you good advice and recommendations.
Sig will refinish a slide in Nitron for $99 (last time I checked). Just be forwarded that the new Nitron process will produce a finish that's lighters and flatter than the slide.
ETA: I had this problem on a used P226 I bought last year. The mistake I made was taking it to Gander Mountain for hard chrome––they had to buy the gun back from me, they messed it up so bad. So if you are going to refinish, go with someone who has a good rep with Sigs!