looks like 'fisheye' -- in coating the over layer is rejected by the lower coat. cause is contamination. the deposits probably (if you could see them closely) would have a depression in the center down to the lower layer.. the ring is the coating that was supposed to flow over that open area.. yep. they can be brushed in to even out...
what is the contaminant? ... small particles of "bad" chemical" or even just ambients as cigar ash etc...
old pipes may put small rust onto surface..
gum itself has particle possibles... etc
more filtering of the stages may eliminate..
if the paper were the defect you could see changes in surface with enough ?15x magnification.. i'd expect it to be visible with the 'metal' layer too.