When a small piece of led is removed from the bullet by gas cutting it will be surrounded by the hot gasses and no longer protected by the realitively massive heat sink of the bullet. In this enviroment it may have time to melt into a microscopic droplelt or maybe a nearly melted particle. If this particle inpacts something and stops (the inside of th barrel or a fixed bayonet) its kinetic energy will be released as heat and leave a small droplet waiting to get ironed onto the barrel by the passing bullet. The melmay be occuring after the leat is removed from the bullet.