I am working on a design for a power transformer for subsea use. The core of the transformer would be exposed to seawater. I'm thinking that Nickel 200 might be a good transformer core material that would be both ferromagnetic as well as corrosion resistant. Would nickel 200 be a good option here or are there other options that are corrosion resistant that I have not thought of? I'm a mechanical/materials guy that knows just enough electrical engineering to be dangerous.