A gate drive circuit (a forward converter) for a thyristor is shown. In the on-state the thyristor on the secondary side can be modeled as a diode with a constant voltage drop. This can be seen as the DC source in the equivalent circuit (click the red box around the transformer symbol). During the on-state the load current i2 is equal to the primary side current i1 reduced by the magnetizing current iu of the non-ideal transformer. With higher relative permeability of the transformer core material, the magnetizing current iu would be smaller. If the core material saturates, iu rises significantly and reduces the secondary load current i2 accordingly.
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