I'm sorry, it seems I'm mistaken. The reservations in ME2O are different
This is from the help on ME2O.
The reservations shown in ME2O is generated as stock transfer reservations in case there is no sufficient stock.
Providing Components for Existing Purchase Orders - Managing Special Stocks (MM-IM) - SAP Library
However, this is how my MD04 for the component looks once a SC PO has been created:
As you can see, the subcontracting PO shows up as a requirement