At minimum a hardenable steel. …
anything else where screw-heads are part of the look are usually parallel.
A third vote for a 1/4″ allen key. You might get more usable material for your money if you pick a T-handle version as it is one long, straight shaft.
The difficulty with allen keys is that the really cheap ones just corkscrew when subjected to too much load. Better quality ones will twist considerably before they permanently deform.
The other option might be standard 1/4″ hex bits but in 100mm or 150mm long versions. Remove the OEM tips and you have another long, straight piece to play with.
I have found that even in the cheapest versions (e.g Toolstation 83011), unlike allen keys, the heat treatment of screwdriver bits is adequate.
I do not think the bits need to be very hard as such. They need to be tough, with a high yield point. That might rule out straight carbon steels and require other more exotic alloys, which are not so easy to home-heat treat.
As above, for straight screwdrivers, a hollow ground shape is much kinder to the screw head than a straight taper grind.