A mistaken belief that SS is "bulletproof"
You'll mostly find SS waste tanks on European boats...because until recently there have been very few places outside the US where the use of holding tanks has been required. Builders mistakenly assume that if SS is superior to plastic and aluminum for any marine application, it must be superior for waste holding too. It's a case of, "if costs more, it has to be better." Because holding tanks don't get much use in Europe yet, they haven't been proven wrong yet...and if you try to convince 'em, they'll point to 20 yr old boats on which metal holding tanks are still in excellent condition. I used to have the same conversations in the late '80s with builders here...of course they're still in excellent condition, 'cuz while the tank may have been on the boat for 20 years, it's only been in use for a year. Today, there are still a few holdouts here in the US, but almost all builders have switched to plastic water and waste tanks...or included integral FG tanks into their hull designs, which IMO is an even worse idea than metal.