It seems to me that a flaw in the very thin enamel insulation, weakened by the traumatic way torroid transformers are wound (first wound onto a transfer loop, and then back around the core) caused a single turn to short and the heat melted that turn, but "welded" the winding back together to "bypass" the toasted turn.
The fuse didn't blow because the transformer continued to operate nominally. The loss of one turn likely resulted in the output voltage going up a fraction of 1%, not something that would blow the fuse, and not something that would even cause anyone to notice, even in unregulated circuits.