That's the problem.
Regular submarines are buoyant because the volume of low pressure air enclosed by their hull makes them overall weigh less than the water they displace. They have to carry ballast, which might be weights or water pumped into tanks, in order to dive. This is nice beacause when you want to come back up you can drop the weights.
To dive deeper you need a thicker hull to withstand the pressure. At some point your steel hull plus the enclosed air is heavier than the water it displaces. Then you sink instead of floating, even with no ballast. So you need to carry some means to generate additional buoyancy. We normally use some kind of foam for that, but the pressure would crush normal foams so you need to use super strong (and expensive) syntactic foam materials.
If you can make the pressure hull out of something that has a better strength to weight ratio than steel you can dive deeper without supplemental buoyancy, or use less to go even deeper. Titanium (and carbon fibre) also have the advantage that they don't rust in sea water.
Here's a paper discussing titanium hulls: https://cdn.ymaws.com/titanium...
https://cdn.ymaws.com/titanium...