Do you have access to a lathe and a drill press? You don't need fancy machinery to cut a keyway, and one for a handwheel is an excellent job to start on since it is not as critical as something taking really heavy loads.
I've described this technique before here, so at the risk of being repetitive… Turn a plug to fit the hole in the hand wheel. Ideally the plug should be the same or very similar to the handwheel material and should be reasonably flush both sides. Locktite it in place. Make a centre punch mark where you want the keyway, right on the line of contact between the plug and the wheel. Drill a hole using a drill just a little under the size of the desired key. Knock out the plug, and now you have have nearly 80% of the desired keyway. Take a file that will fit through the hole and is less than the desired thickness of the key. Carefully file out the corners, using the hole as a guide. You can use a piece of the keysteel as a guide to see when you are getting to a good fit. If the width is the same as a piece of HSS that you happen to have, you can also use that as a kind of chisel to help take out any high spots in the middle. Files do tend to cut more at each end unless you are very skilful with them. I have done a few keyways like this, and with patience you can get a very good job.
John
The old timers did them like this all the time, as well as cutting the matching one on the shaft with a cold chisel and file. You can do almost any job with hand tools if you are desperate and patient enough