Hard to say for sure but it looks like he might have been running out of stopping distance. It would certainly explain the smoke from the wheels. What I don't understand though is how they wouldn't have picked up a landing performance issue when they ran the checklist and diverted to somewhere with a longer runway if necessary. I believe they had only just taken off so they should have had plenty of fuel. On the other hand, the B757 does not have a fuel jettison system so I wonder if they were heavy (or even overweight) for this approach?
Pure speculation of course.